https://www.taxtmi.com/caselaws?id=165985 For determining assessable value from a cum-duty price, the deductible duty element is limited to the actual effective duty payable after giving effect to the exemption under Notification No. 198/76-CE; the higher notional duty that would have applied without the exemption cannot be deducted, and the issue was decided against the assessee. The retrospective clarification introduced by Section 47 of the Finance Act, 1982 was treated as binding on the valuation exercise, and the Tribunal held that it could not entertain a challenge to the vires of the statutory amendment under the excise law governing its jurisdiction. en-us Tue, 08 Mar 1983 00:00:00 +0530 Fri, 22 Aug 2014 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165985 For determining assessable value from a cum-duty price, the deductible duty element is limited to the actual effective duty payable after giving effect to the exemption under Notification No. 198/76-CE; the higher notional duty that would have applied without the exemption cannot be deducted, and the issue was decided against the assessee. The retrospective clarification introduced by Section 47 of the Finance Act, 1982 was treated as binding on the valuation exercise, and the Tribunal held that it could not entertain a challenge to the vires of the statutory amendment under the excise law governing its jurisdiction. Case-Laws Central Excise Tue, 08 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165985