https://www.taxtmi.com/highlights?id=64104 Valuation - inclusion of TCS collected from the buyer over and above the price of the goods - In the present case the TCS is collected not as a additional consideration but explicitly as tax and same is deposited to the income tax department, therefore, it cannot be said that the amount of TCS belongs to the appellant - the amount of TCS cannot be considered as additional consideration flowing from the buyer to the appellant accordingly, the same is not includable in the assessable value for charging Excise Duty - AT en-us Fri, 17 Jun 2022 11:25:40 +0530 Fri, 17 Jun 2022 11:25:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=64104 Valuation - inclusion of TCS collected from the buyer over and above the price of the goods - In the present case the TCS is collected not as a additional consideration but explicitly as tax and same is deposited to the income tax department, therefore, it cannot be said that the amount of TCS belongs to the appellant - the amount of TCS cannot be considered as additional consideration flowing from the buyer to the appellant accordingly, the same is not includable in the assessable value for charging Excise Duty - AT Highlights Central Excise Fri, 17 Jun 2022 11:25:40 +0530 https://www.taxtmi.com/highlights?id=64104