https://www.taxtmi.com/caselaws?id=765712 Under central excise valuation principles, sales tax/VAT retained by an assessee under the Haryana deferment scheme remained includible in transaction value because only tax actually paid or actually payable to the State is excluded. The retained amounts, though collected from customers as tax, were not remitted to the exchequer and therefore formed part of the assessable value; the demand on merits was sustained for the normal period. On limitation and penalty, invoice disclosure of the tax collections and the nature of the deferment arrangement did not establish conscious suppression or intent to evade, so the extended period was not invocable and the penalty was deleted. Cum-duty benefit was allowed. en-us Fri, 07 Feb 2025 00:00:00 +0530 Sat, 08 Feb 2025 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765712 Under central excise valuation principles, sales tax/VAT retained by an assessee under the Haryana deferment scheme remained includible in transaction value because only tax actually paid or actually payable to the State is excluded. The retained amounts, though collected from customers as tax, were not remitted to the exchequer and therefore formed part of the assessable value; the demand on merits was sustained for the normal period. On limitation and penalty, invoice disclosure of the tax collections and the nature of the deferment arrangement did not establish conscious suppression or intent to evade, so the extended period was not invocable and the penalty was deleted. Cum-duty benefit was allowed. Case-Laws Central Excise Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765712