https://www.taxtmi.com/caselaws?id=167028 A manufacturer's 25% excise relief retained under an exemption notification was held to form part of the assessable value. The retrospective amendment to the excise valuation provisions clarified that only the effective duty of excise, after full effect to any exemption, counts as duty payable under the Act. Amounts recovered as duty but not actually payable under the Act cannot be excluded from valuation. As the retained amount was not shown to be any other deductible item, it was included in the assessable value against the assessee. en-us Wed, 06 Jun 1984 00:00:00 +0530 Wed, 03 Dec 2014 17:40:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167028 A manufacturer's 25% excise relief retained under an exemption notification was held to form part of the assessable value. The retrospective amendment to the excise valuation provisions clarified that only the effective duty of excise, after full effect to any exemption, counts as duty payable under the Act. Amounts recovered as duty but not actually payable under the Act cannot be excluded from valuation. As the retained amount was not shown to be any other deductible item, it was included in the assessable value against the assessee. Case-Laws Central Excise Wed, 06 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167028