https://www.taxtmi.com/caselaws?id=166059 Under liquor licences granted for the State's exclusive privilege to vend country liquor, the stipulated lump sum recovered from contractors was contractual consideration or rental, not excise duty, because excise duty attached to manufacture or production rather than retail sale or the licence price. The fact that the issue price or remission formula referred to excise-duty components did not change the character of the payment. A shortfall demanded on failure to lift the guaranteed quantity was likewise only enforcement of the contractual bargain, since no excise duty was levied on undrawn liquor. The contractual demands were therefore upheld and the appeals failed. en-us Fri, 01 Aug 1975 00:00:00 +0530 Sun, 24 Aug 2014 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166059 Under liquor licences granted for the State's exclusive privilege to vend country liquor, the stipulated lump sum recovered from contractors was contractual consideration or rental, not excise duty, because excise duty attached to manufacture or production rather than retail sale or the licence price. The fact that the issue price or remission formula referred to excise-duty components did not change the character of the payment. A shortfall demanded on failure to lift the guaranteed quantity was likewise only enforcement of the contractual bargain, since no excise duty was levied on undrawn liquor. The contractual demands were therefore upheld and the appeals failed. Case-Laws Central Excise Fri, 01 Aug 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166059