https://www.taxtmi.com/caselaws?id=47243 Turnover tax payable under the Karnataka Sales Tax Act was treated as deductible from assessable value under Section 4(4)(d)(ii) of the Central Excises and Salt Act because it was a tax statutorily payable by the registered dealer and not recoverable from the customer. Actual payment was not required at the valuation stage, but the Department could call for proof of payment and, if the tax was later found unpaid, revalue the goods after following the prescribed procedure. Disallowance solely because the invoice did not separately show turnover tax was unsustainable, as the tax was not meant to be passed on to buyers. en-us Thu, 03 Mar 2005 00:00:00 +0530 Tue, 22 Apr 2014 16:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47243 Turnover tax payable under the Karnataka Sales Tax Act was treated as deductible from assessable value under Section 4(4)(d)(ii) of the Central Excises and Salt Act because it was a tax statutorily payable by the registered dealer and not recoverable from the customer. Actual payment was not required at the valuation stage, but the Department could call for proof of payment and, if the tax was later found unpaid, revalue the goods after following the prescribed procedure. Disallowance solely because the invoice did not separately show turnover tax was unsustainable, as the tax was not meant to be passed on to buyers. Case-Laws Central Excise Thu, 03 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47243