https://www.taxtmi.com/caselaws?id=40693 The Court ruled in favor of the petitioner, a public limited company manufacturing Polythene Granules, in a case concerning the interpretation of Section 4 of the Central Excises and Salt Act, 1944. The Court held that since there were no factory-gate sales, the provisions of Section 4(2) should apply, excluding transportation costs from the assessable value of goods. The Court emphasized that excise duty is levied only on manufacturing costs and profits, excluding post-manufacturing expenses like transportation costs. The Court directed the respondents to reconsider the price lists submitted by the petitioner and refund the excess amount paid under protest, aligning with established legal principles and precedents. en-us Thu, 29 Nov 1979 00:00:00 +0530 Thu, 13 May 2010 13:38:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40693 The Court ruled in favor of the petitioner, a public limited company manufacturing Polythene Granules, in a case concerning the interpretation of Section 4 of the Central Excises and Salt Act, 1944. The Court held that since there were no factory-gate sales, the provisions of Section 4(2) should apply, excluding transportation costs from the assessable value of goods. The Court emphasized that excise duty is levied only on manufacturing costs and profits, excluding post-manufacturing expenses like transportation costs. The Court directed the respondents to reconsider the price lists submitted by the petitioner and refund the excess amount paid under protest, aligning with established legal principles and precedents. Case-Laws Central Excise Thu, 29 Nov 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40693