https://www.taxtmi.com/caselaws?id=116098 Under valuation principles in Section 4 of the Central Excise Act, deductions for freight, trade discount and turnover tax are allowable only to the extent actually incurred, actually paid or actually payable. A claim cannot be inflated beyond the real burden borne, and deductions lacking a complete factual foundation require verification rather than acceptance on assumption. On the facts of one appeal, equalised freight and related deductions were accepted and the penalty was set aside because no separate basis for penalty survived. In the remaining disputes, the matters were remanded for fresh factual examination of whether the claimed freight, discount and turnover tax were truly proved. en-us Wed, 22 Dec 2004 00:00:00 +0530 Thu, 07 Jun 2012 12:33:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116098 Under valuation principles in Section 4 of the Central Excise Act, deductions for freight, trade discount and turnover tax are allowable only to the extent actually incurred, actually paid or actually payable. A claim cannot be inflated beyond the real burden borne, and deductions lacking a complete factual foundation require verification rather than acceptance on assumption. On the facts of one appeal, equalised freight and related deductions were accepted and the penalty was set aside because no separate basis for penalty survived. In the remaining disputes, the matters were remanded for fresh factual examination of whether the claimed freight, discount and turnover tax were truly proved. Case-Laws Central Excise Wed, 22 Dec 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116098