https://www.taxtmi.com/caselaws?id=334164 Turnover tax payable under the Karnataka Sales Tax Act, 1957 was held deductible from the assessable value of excisable goods because it was a statutory levy that the dealer could not pass on to the customer. The Tribunal applied the settled principle that taxes payable on goods are excluded from central excise valuation, and accepted that actual payment at the computation stage was not required. The Revenue's challenge failed, and the exclusion of turnover tax from assessable value was upheld. en-us Tue, 27 Sep 2016 00:00:00 +0530 Sat, 05 Nov 2016 06:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334164 Turnover tax payable under the Karnataka Sales Tax Act, 1957 was held deductible from the assessable value of excisable goods because it was a statutory levy that the dealer could not pass on to the customer. The Tribunal applied the settled principle that taxes payable on goods are excluded from central excise valuation, and accepted that actual payment at the computation stage was not required. The Revenue's challenge failed, and the exclusion of turnover tax from assessable value was upheld. Case-Laws Central Excise Tue, 27 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334164