https://www.taxtmi.com/caselaws?id=206916 Amounts collected under a deferred sales tax scheme retained the character of sales tax, and the amendment permitting premature payment at net present value meant the deferred tax was deemed paid on such payment. For excise valuation under Section 4 of the Central Excise Act, sales tax actually paid or payable was therefore excludible from transaction value. On that basis, the appellant made out a prima facie case for waiver of pre-deposit in the excise demand for duty, interest and penalty, and recovery was stayed pending disposal of the appeal. en-us Mon, 21 Feb 2011 00:00:00 +0530 Tue, 18 Oct 2011 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206916 Amounts collected under a deferred sales tax scheme retained the character of sales tax, and the amendment permitting premature payment at net present value meant the deferred tax was deemed paid on such payment. For excise valuation under Section 4 of the Central Excise Act, sales tax actually paid or payable was therefore excludible from transaction value. On that basis, the appellant made out a prima facie case for waiver of pre-deposit in the excise demand for duty, interest and penalty, and recovery was stayed pending disposal of the appeal. Case-Laws Central Excise Mon, 21 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206916