https://www.taxtmi.com/caselaws?id=213848 For central excise valuation, sales tax deductible from transaction value is the tax payable under the law at the time of removal. A later statutory facility allowing deferred sales tax to be discharged by payment of net present value does not retrospectively alter the assessable value or convert the original tax liability into additional consideration for the sale. Board circulars treating sales tax under deferment or incentive schemes as deductible support that position. The demand seeking to add the difference between deferred tax and net present value to assessable value was therefore unsustainable. en-us Thu, 25 Aug 2011 00:00:00 +0530 Wed, 10 Oct 2012 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213848 For central excise valuation, sales tax deductible from transaction value is the tax payable under the law at the time of removal. A later statutory facility allowing deferred sales tax to be discharged by payment of net present value does not retrospectively alter the assessable value or convert the original tax liability into additional consideration for the sale. Board circulars treating sales tax under deferment or incentive schemes as deductible support that position. The demand seeking to add the difference between deferred tax and net present value to assessable value was therefore unsustainable. Case-Laws Central Excise Thu, 25 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213848