https://www.taxtmi.com/caselaws?id=40645 The High Court upheld the Single Judge's decision in a case concerning the interpretation of 'wholesale cash price' under the Central Excises and Salt Act, 1944. The Court ruled that expenses like marketing, interest, and transportation charges should be excluded from the wholesale price calculation. The judgment emphasized deducting post-manufacturing expenses traceable to selling operations before determining the assessable value for excise duty calculation. The Court dismissed the appeals and directed authorities to issue fresh notices considering these deductions in line with the Supreme Court's principles. en-us Fri, 20 Feb 1976 00:00:00 +0530 Wed, 12 May 2010 16:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40645 The High Court upheld the Single Judge's decision in a case concerning the interpretation of 'wholesale cash price' under the Central Excises and Salt Act, 1944. The Court ruled that expenses like marketing, interest, and transportation charges should be excluded from the wholesale price calculation. The judgment emphasized deducting post-manufacturing expenses traceable to selling operations before determining the assessable value for excise duty calculation. The Court dismissed the appeals and directed authorities to issue fresh notices considering these deductions in line with the Supreme Court's principles. Case-Laws Central Excise Fri, 20 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40645