https://www.taxtmi.com/caselaws?id=40625 The court interpreted the amended Section 4 of the Central Excises and Salt Act, 1944, emphasizing the exclusion of post-manufacturing costs and profits from the assessable value of excisable goods. It held that excise duty is only applicable to manufacturing costs and profits, directing authorities to refund excess duty collected and reassess based on this interpretation. The judgment clarified the determination of 'normal price' for excise duty, treatment of related persons, and exclusion of packing costs and equalized freight charges from assessable value. en-us Wed, 25 Apr 1979 00:00:00 +0530 Wed, 12 May 2010 11:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40625 The court interpreted the amended Section 4 of the Central Excises and Salt Act, 1944, emphasizing the exclusion of post-manufacturing costs and profits from the assessable value of excisable goods. It held that excise duty is only applicable to manufacturing costs and profits, directing authorities to refund excess duty collected and reassess based on this interpretation. The judgment clarified the determination of 'normal price' for excise duty, treatment of related persons, and exclusion of packing costs and equalized freight charges from assessable value. Case-Laws Central Excise Wed, 25 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40625