https://www.taxtmi.com/caselaws?id=165591 The court analyzed the interpretation of Section 4 of the Central Excises and Salt Act of 1944 concerning deductions for excise duty purposes. The petitioners, manufacturers of China and Porcelain ware, disputed the allowable deductions for arriving at the wholesale value. The Central Government accepted only a 5% deduction for cartage and a 25% deduction for trade discount, rejecting other claimed expenses. The judgment emphasized allowing deductions for necessary expenses post-manufacturing when the wholesale price is not ascertainable. The court accepted the writ petition, quashed the previous assessment order, and directed a fresh decision based on legal principles outlined in the judgment. en-us Tue, 20 May 1969 00:00:00 +0530 Sat, 02 Aug 2014 12:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165591 The court analyzed the interpretation of Section 4 of the Central Excises and Salt Act of 1944 concerning deductions for excise duty purposes. The petitioners, manufacturers of China and Porcelain ware, disputed the allowable deductions for arriving at the wholesale value. The Central Government accepted only a 5% deduction for cartage and a 25% deduction for trade discount, rejecting other claimed expenses. The judgment emphasized allowing deductions for necessary expenses post-manufacturing when the wholesale price is not ascertainable. The court accepted the writ petition, quashed the previous assessment order, and directed a fresh decision based on legal principles outlined in the judgment. Case-Laws Central Excise Tue, 20 May 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165591