https://www.taxtmi.com/caselaws?id=165537 The court ruled in favor of the petitioner, determining that excise duty should be levied based on the manufacturing cost and manufacturer's profit, excluding post-manufacturing expenses and trading profit. The court emphasized the wholesale cash price at the time of goods removal for duty assessment, rejecting the use of billing price that includes additional costs. The decision referenced Section 4 of the Central Excises and Salt Act, highlighting the importance of assessing duty on the value of goods as manufactured. The court directed authorities to reconsider excise duty calculation and addressed a related petition for refund accordingly. en-us Thu, 24 Jul 1975 00:00:00 +0530 Thu, 31 Jul 2014 14:37:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165537 The court ruled in favor of the petitioner, determining that excise duty should be levied based on the manufacturing cost and manufacturer's profit, excluding post-manufacturing expenses and trading profit. The court emphasized the wholesale cash price at the time of goods removal for duty assessment, rejecting the use of billing price that includes additional costs. The decision referenced Section 4 of the Central Excises and Salt Act, highlighting the importance of assessing duty on the value of goods as manufactured. The court directed authorities to reconsider excise duty calculation and addressed a related petition for refund accordingly. Case-Laws Central Excise Thu, 24 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165537