https://www.taxtmi.com/caselaws?id=449348 Equalized deductions of sales tax, octroi and similar levies from a cum-duty price are permissible for excise valuation when the claimed deductions are supported by actual records and are not shown to be manipulated to reduce duty. The valuation approach may continue under the transaction value regime where there is a reasonable nexus between the levy and its measure, consistent with earlier normal price principles. On that basis, the demand could not be sustained and the assessee was granted relief. en-us Thu, 08 Feb 2024 00:00:00 +0530 Fri, 09 Feb 2024 15:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449348 Equalized deductions of sales tax, octroi and similar levies from a cum-duty price are permissible for excise valuation when the claimed deductions are supported by actual records and are not shown to be manipulated to reduce duty. The valuation approach may continue under the transaction value regime where there is a reasonable nexus between the levy and its measure, consistent with earlier normal price principles. On that basis, the demand could not be sustained and the assessee was granted relief. Case-Laws Central Excise Thu, 08 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449348