https://www.taxtmi.com/caselaws?id=259574 Retained sales tax benefit under a Rajasthan incentive scheme was treated differently under Section 4 of the Central Excise Act, 1944 depending on the valuation regime. For the period before 1.7.2000, the benefit was not includible in assessable value; from 1.7.2000 onward, it formed part of transaction value and was includible for excise purposes. The demand was therefore to be recomputed by excluding the benefit up to 1.7.2000 and including it thereafter, and the penalty was set aside in view of the governing precedent applied. en-us Thu, 07 May 2015 00:00:00 +0530 Sat, 08 Aug 2015 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259574 Retained sales tax benefit under a Rajasthan incentive scheme was treated differently under Section 4 of the Central Excise Act, 1944 depending on the valuation regime. For the period before 1.7.2000, the benefit was not includible in assessable value; from 1.7.2000 onward, it formed part of transaction value and was includible for excise purposes. The demand was therefore to be recomputed by excluding the benefit up to 1.7.2000 and including it thereafter, and the penalty was set aside in view of the governing precedent applied. Case-Laws Central Excise Thu, 07 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259574