https://www.taxtmi.com/caselaws?id=246599 Turnover tax under the Karnataka Sales Tax Act was treated as excludable from the assessable value because it did not form part of the sale price, consistent with the Supreme Court view that turnover tax paid under Section 18 of that Act was not includible under Section 4 of the Central Excise Act. Interest on receivables was also held excludable, as the assessee's earlier appeals had allowed such exclusion and no departmental acceptance of the contrary position was shown. On that basis, the disputed amounts were held not includible in assessable value. en-us Thu, 13 Sep 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:34:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246599 Turnover tax under the Karnataka Sales Tax Act was treated as excludable from the assessable value because it did not form part of the sale price, consistent with the Supreme Court view that turnover tax paid under Section 18 of that Act was not includible under Section 4 of the Central Excise Act. Interest on receivables was also held excludable, as the assessee's earlier appeals had allowed such exclusion and no departmental acceptance of the contrary position was shown. On that basis, the disputed amounts were held not includible in assessable value. Case-Laws Central Excise Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246599