https://www.taxtmi.com/caselaws?id=44005 The Supreme Court analyzed the interpretation of Section 4 of the Central Excises and Salt Act, 1944, emphasizing the basis for determining excisable value. It ruled on the deductibility of expenses, allowing deductions like interest on receivables but rejecting post-manufacturing expenses. The method for computing assessable value in a cum-duty price scenario was affirmed. Specific deductions claimed by Madras Rubber Factory were partially allowed, with some rejected based on their nature. The appeals were allowed in part, with directions on computation and deductions, stressing adherence to principles for determining assessable value of excisable goods. en-us Wed, 03 May 1995 00:00:00 +0530 Fri, 26 Dec 2014 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44005 The Supreme Court analyzed the interpretation of Section 4 of the Central Excises and Salt Act, 1944, emphasizing the basis for determining excisable value. It ruled on the deductibility of expenses, allowing deductions like interest on receivables but rejecting post-manufacturing expenses. The method for computing assessable value in a cum-duty price scenario was affirmed. Specific deductions claimed by Madras Rubber Factory were partially allowed, with some rejected based on their nature. The appeals were allowed in part, with directions on computation and deductions, stressing adherence to principles for determining assessable value of excisable goods. Case-Laws Central Excise Wed, 03 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44005