https://www.taxtmi.com/caselaws?id=40861 For assessable value under Section 4 of the Central Excises and Salt Act, 1944, only the actual duty payable at removal can be deducted from the wholesale cash price. Where an exemption under Rule 8 of the Central Excise Rules, 1944 reduced duty through a rebate linked to cotton seed oil content, the rebate had to be reflected in the duty deduction itself. The rebate was not to be ignored or treated as a separate post-computation benefit. On that basis, the assessable value had to be calculated by deducting the reduced duty rather than the unreduced ad valorem duty, and the Revenue's computation was upheld. en-us Thu, 24 Jul 1980 00:00:00 +0530 Sat, 15 May 2010 13:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40861 For assessable value under Section 4 of the Central Excises and Salt Act, 1944, only the actual duty payable at removal can be deducted from the wholesale cash price. Where an exemption under Rule 8 of the Central Excise Rules, 1944 reduced duty through a rebate linked to cotton seed oil content, the rebate had to be reflected in the duty deduction itself. The rebate was not to be ignored or treated as a separate post-computation benefit. On that basis, the assessable value had to be calculated by deducting the reduced duty rather than the unreduced ad valorem duty, and the Revenue's computation was upheld. Case-Laws Central Excise Thu, 24 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40861