https://www.taxtmi.com/caselaws?id=41684 Notification No. 161/66 allowed excise exemption by applying a 25 per cent discount to the retail price shown in the price list, and the Explanation applied only where an excise duty element had actually been added to that price. Where the assessee kept the retail price unchanged before and after levy of duty, and the department assessed duty on that same price, there was no factual basis to treat any duty element as embedded in the price. A mere description of the price list as inclusive of excise duty did not justify deducting a notional duty component before granting the discount. en-us Tue, 06 Aug 1985 00:00:00 +0530 Sat, 05 Jun 2010 13:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41684 Notification No. 161/66 allowed excise exemption by applying a 25 per cent discount to the retail price shown in the price list, and the Explanation applied only where an excise duty element had actually been added to that price. Where the assessee kept the retail price unchanged before and after levy of duty, and the department assessed duty on that same price, there was no factual basis to treat any duty element as embedded in the price. A mere description of the price list as inclusive of excise duty did not justify deducting a notional duty component before granting the discount. Case-Laws Central Excise Tue, 06 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41684