https://www.taxtmi.com/caselaws?id=167347 An amount retained by the assessee as the difference between tariff duty collected and concessional duty paid under Notification No. 128/77 was not deductible in computing assessable value under section 4 of the Central Excises and Salt Act, because only legally deductible elements can reduce the sale price; the Tribunal applied its prior ruling and upheld the lower authorities on this point. The limitation and consequential duty-liability issue was remanded for fresh determination because the record was insufficient to decide suppression and the applicability of the extended period, particularly as the relevant invoices and price lists were not clearly before the proper officer. en-us Tue, 23 Apr 1985 00:00:00 +0530 Wed, 17 Dec 2014 11:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167347 An amount retained by the assessee as the difference between tariff duty collected and concessional duty paid under Notification No. 128/77 was not deductible in computing assessable value under section 4 of the Central Excises and Salt Act, because only legally deductible elements can reduce the sale price; the Tribunal applied its prior ruling and upheld the lower authorities on this point. The limitation and consequential duty-liability issue was remanded for fresh determination because the record was insufficient to decide suppression and the applicability of the extended period, particularly as the relevant invoices and price lists were not clearly before the proper officer. Case-Laws Central Excise Tue, 23 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167347