https://www.taxtmi.com/caselaws?id=13608 The court ruled in favor of the assessee, holding that excise and customs duty components should be excluded from the value of closing stock and allowing the deduction of customs and excise duty paid during the year for manufactured goods held in stock. Citing relevant precedents, the court dismissed the appeal brought by the Revenue, affirming the Tribunal's decision in favor of the assessee. en-us Mon, 26 Feb 2007 00:00:00 +0530 Sat, 30 May 2009 16:02:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13608 The court ruled in favor of the assessee, holding that excise and customs duty components should be excluded from the value of closing stock and allowing the deduction of customs and excise duty paid during the year for manufactured goods held in stock. Citing relevant precedents, the court dismissed the appeal brought by the Revenue, affirming the Tribunal's decision in favor of the assessee. Case-Laws Income Tax Mon, 26 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13608