https://www.taxtmi.com/caselaws?id=113118 Excise valuation of footwear turned on whether the realised wholesale price had to be treated as cum-duty price for exemption and quantification. The text states that the statutory assessable value must first be determined by excluding the duty element from the price realised from buyers, and only then can the exemption threshold be tested. It further notes that where no separate duty is collected, the recovered price must be taken as cum-duty for recalculating the demand. Additional quantum-related adjustments, including Modvat pleas, were said to require fresh consideration by the departmental authority. en-us Tue, 01 Dec 1998 00:00:00 +0530 Thu, 03 May 2012 18:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113118 Excise valuation of footwear turned on whether the realised wholesale price had to be treated as cum-duty price for exemption and quantification. The text states that the statutory assessable value must first be determined by excluding the duty element from the price realised from buyers, and only then can the exemption threshold be tested. It further notes that where no separate duty is collected, the recovered price must be taken as cum-duty for recalculating the demand. Additional quantum-related adjustments, including Modvat pleas, were said to require fresh consideration by the departmental authority. Case-Laws Central Excise Tue, 01 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113118