https://www.taxtmi.com/caselaws?id=167622 The appeal by a manufacturer of Electric Fans against the rejection of a refund claim of excise duty was partially allowed. The court held that excise duty should be levied on the net amount realized at the factory gate upon the sale of electric fans, excluding certain post-manufacturing expenses. The assessable value for excise duty should only include manufacturing cost and profits, disallowing deductions for expenses like packing, freight, and the cost of the fan regulator. Specific expenses like godown rent, insurance charges, and administrative expenses related to sales organizations were allowed as deductions. en-us Thu, 16 Sep 1976 00:00:00 +0530 Fri, 26 Dec 2014 16:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167622 The appeal by a manufacturer of Electric Fans against the rejection of a refund claim of excise duty was partially allowed. The court held that excise duty should be levied on the net amount realized at the factory gate upon the sale of electric fans, excluding certain post-manufacturing expenses. The assessable value for excise duty should only include manufacturing cost and profits, disallowing deductions for expenses like packing, freight, and the cost of the fan regulator. Specific expenses like godown rent, insurance charges, and administrative expenses related to sales organizations were allowed as deductions. Case-Laws Central Excise Thu, 16 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167622