https://www.taxtmi.com/caselaws?id=40644 The court ruled in favor of the petitioner-Company, holding that post-manufacturing expenses must be excluded from the assessable value for excise duty calculation. It clarified that excise duty should only be levied on manufacturing cost and profit, excluding such expenses. The court found the Explanation to Section 4 irrelevant and directed the exclusion of specific expenses like marketing and distribution, advertising, freight, and interest from the assessable value. While the immediate refund was not granted, the authorities were tasked to investigate and resolve the refund claim within three months. The petitioner's costs were awarded, and the impugned decision was set aside. en-us Mon, 15 Dec 1975 00:00:00 +0530 Wed, 12 May 2010 16:28:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40644 The court ruled in favor of the petitioner-Company, holding that post-manufacturing expenses must be excluded from the assessable value for excise duty calculation. It clarified that excise duty should only be levied on manufacturing cost and profit, excluding such expenses. The court found the Explanation to Section 4 irrelevant and directed the exclusion of specific expenses like marketing and distribution, advertising, freight, and interest from the assessable value. While the immediate refund was not granted, the authorities were tasked to investigate and resolve the refund claim within three months. The petitioner's costs were awarded, and the impugned decision was set aside. Case-Laws Central Excise Mon, 15 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40644