https://www.taxtmi.com/caselaws?id=258468 The Supreme Court clarified that post-amendment to the Central Excise Act, 1944, the 75% sales tax retained by the assessee should be included in the transaction value for excise duty calculation. The Court upheld the extended period of limitation for assessment but decided not to impose a penalty due to legal ambiguity. The appeals were partially allowed, sustaining the Commissioner's order for a specific period but setting aside the penalty and not awarding costs. en-us Tue, 24 Mar 2015 00:00:00 +0530 Thu, 30 Jul 2015 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258468 The Supreme Court clarified that post-amendment to the Central Excise Act, 1944, the 75% sales tax retained by the assessee should be included in the transaction value for excise duty calculation. The Court upheld the extended period of limitation for assessment but decided not to impose a penalty due to legal ambiguity. The appeals were partially allowed, sustaining the Commissioner's order for a specific period but setting aside the penalty and not awarding costs. Case-Laws Central Excise Tue, 24 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258468