https://www.taxtmi.com/caselaws?id=766879 Royalty is not treated as a tax and therefore remains includible in the assessable value of coal under the valuation provision, because the exclusion is limited to duty of excise, sales tax and other taxes actually paid or payable. Stowing excise duty, however, is treated as a duty of excise under the governing coal legislation and is not confined to central excise duty alone, while Assam land tax qualifies as a tax actually paid or payable; both are excluded from assessable value. The extended period of limitation is unavailable where the valuation method was disclosed in returns and records and there is no suppression, wilful misstatement or intent to evade duty. en-us Wed, 05 Mar 2025 00:00:00 +0530 Wed, 05 Mar 2025 14:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766879 Royalty is not treated as a tax and therefore remains includible in the assessable value of coal under the valuation provision, because the exclusion is limited to duty of excise, sales tax and other taxes actually paid or payable. Stowing excise duty, however, is treated as a duty of excise under the governing coal legislation and is not confined to central excise duty alone, while Assam land tax qualifies as a tax actually paid or payable; both are excluded from assessable value. The extended period of limitation is unavailable where the valuation method was disclosed in returns and records and there is no suppression, wilful misstatement or intent to evade duty. Case-Laws Central Excise Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766879