https://www.taxtmi.com/caselaws?id=173883 Excise valuation under section 4 of the Central Excise and Salt Act, 1944 treats royalty and interest on average stock of finished goods at a depot as not deductible, while provisional assessment allows otherwise admissible deductions to be considered on merits even if they were omitted from original price lists. In this setting, interest on receivables, wholesale credit price adjustment, trade discount, and additional cash discount could not be rejected solely for non-mention in the earlier lists, and the final assessment had to be recomputed accordingly. The stated principle is that provisional assessment requires full consideration of legally allowable deductions at the final stage. en-us Thu, 10 Mar 2005 00:00:00 +0530 Thu, 24 Sep 2015 11:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173883 Excise valuation under section 4 of the Central Excise and Salt Act, 1944 treats royalty and interest on average stock of finished goods at a depot as not deductible, while provisional assessment allows otherwise admissible deductions to be considered on merits even if they were omitted from original price lists. In this setting, interest on receivables, wholesale credit price adjustment, trade discount, and additional cash discount could not be rejected solely for non-mention in the earlier lists, and the final assessment had to be recomputed accordingly. The stated principle is that provisional assessment requires full consideration of legally allowable deductions at the final stage. Case-Laws Central Excise Thu, 10 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173883