https://www.taxtmi.com/caselaws?id=331455 For excise valuation, provisional deductions can be replaced by actual admissible deductions supported by certified accounts, and the assessable value must be recomputed on that basis. Where the actual deductions under the permitted heads exceeded the deductions initially claimed in the notice, no differential duty survived and the demand could not be sustained. The same factual and valuation basis also supported dropping the penalty and rejecting the Revenue's challenge to that relief. The assessee's appeal was allowed and the Revenue's appeal was dismissed. en-us Fri, 15 Jul 2016 00:00:00 +0530 Fri, 18 Aug 2017 13:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331455 For excise valuation, provisional deductions can be replaced by actual admissible deductions supported by certified accounts, and the assessable value must be recomputed on that basis. Where the actual deductions under the permitted heads exceeded the deductions initially claimed in the notice, no differential duty survived and the demand could not be sustained. The same factual and valuation basis also supported dropping the penalty and rejecting the Revenue's challenge to that relief. The assessee's appeal was allowed and the Revenue's appeal was dismissed. Case-Laws Central Excise Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331455