https://www.taxtmi.com/caselaws?id=46422 The High Court of Delhi considered whether excise duty is payable on plastic items manufactured by the petitioner. The court emphasized the need to calculate excise duty based on manufacturing cost and profit, excluding post-manufacturing expenses. Referring to a decision by the Apex Court, the court directed a reassessment by the Assistant Collector to determine the assessable value for excise duty calculation in accordance with the legal principles outlined in the referenced case. The judgment focused on interpreting the Central Excises and Salt Act, 1944, and ensuring compliance with established legal principles. en-us Thu, 04 Apr 2002 00:00:00 +0530 Sat, 17 Jul 2010 18:10:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46422 The High Court of Delhi considered whether excise duty is payable on plastic items manufactured by the petitioner. The court emphasized the need to calculate excise duty based on manufacturing cost and profit, excluding post-manufacturing expenses. Referring to a decision by the Apex Court, the court directed a reassessment by the Assistant Collector to determine the assessable value for excise duty calculation in accordance with the legal principles outlined in the referenced case. The judgment focused on interpreting the Central Excises and Salt Act, 1944, and ensuring compliance with established legal principles. Case-Laws Central Excise Thu, 04 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46422