https://www.taxtmi.com/caselaws?id=40443 The Supreme Court allowed the appeal, reversed the High Court's judgment, and directed the Excise authorities to refund the excess duty collected. The Court held that the assessable value of dye-stuffs for excise duty purposes should be the price charged by the manufacturers to distributors, even if they are favored, less any trade discounts, as long as the transactions are at arm's length. The Court emphasized that excise duty is on production and should reflect manufacturing costs and profits, excluding post-manufacturing costs. en-us Fri, 14 Feb 1975 00:00:00 +0530 Thu, 22 Jan 2015 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40443 The Supreme Court allowed the appeal, reversed the High Court's judgment, and directed the Excise authorities to refund the excess duty collected. The Court held that the assessable value of dye-stuffs for excise duty purposes should be the price charged by the manufacturers to distributors, even if they are favored, less any trade discounts, as long as the transactions are at arm's length. The Court emphasized that excise duty is on production and should reflect manufacturing costs and profits, excluding post-manufacturing costs. Case-Laws Central Excise Fri, 14 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40443