https://www.taxtmi.com/caselaws?id=21527 For an assessee on the mercantile system, additional central excise duty accrues when the taxable event of manufacture occurs, even if assessment and demand are made later. The later quantification or service of demand notice does not defer the liability, because under the excise scheme assessment is only the mechanism for fixing and collecting an already accrued duty. Where the duty relates to goods manufactured during the accounting year and could be fairly estimated, it is deductible in that year notwithstanding subsequent dispute or demand. en-us Fri, 27 Sep 1991 00:00:00 +0530 Wed, 25 Nov 2009 11:47:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21527 For an assessee on the mercantile system, additional central excise duty accrues when the taxable event of manufacture occurs, even if assessment and demand are made later. The later quantification or service of demand notice does not defer the liability, because under the excise scheme assessment is only the mechanism for fixing and collecting an already accrued duty. Where the duty relates to goods manufactured during the accounting year and could be fairly estimated, it is deductible in that year notwithstanding subsequent dispute or demand. Case-Laws Income Tax Fri, 27 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21527