https://www.taxtmi.com/caselaws?id=158498 Freight charges were held excludible from the assessable value of bauxite for entry tax because the statutory definition of value adopted the sale price concept under sales tax law, which excludes separately charged freight or delivery cost. The authorities erred in treating the landed plant cost as the market value; the assessable value had to be reduced by the freight component to Rs. 70.79 per metric tonne. Penalty for non-filing of return was also set aside because the assessee acted under a bona fide dispute on taxability, though interest on the correctly determined tax could still follow. en-us Fri, 05 Jan 1996 00:00:00 +0530 Tue, 29 Oct 2013 18:47:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158498 Freight charges were held excludible from the assessable value of bauxite for entry tax because the statutory definition of value adopted the sale price concept under sales tax law, which excludes separately charged freight or delivery cost. The authorities erred in treating the landed plant cost as the market value; the assessable value had to be reduced by the freight component to Rs. 70.79 per metric tonne. Penalty for non-filing of return was also set aside because the assessee acted under a bona fide dispute on taxability, though interest on the correctly determined tax could still follow. Case-Laws VAT and Sales Tax Fri, 05 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158498