https://www.taxtmi.com/caselaws?id=465524 Premature payment of deferred sales tax at net present value did not create an includible benefit for central excise valuation where the amount remained the liability actually payable under the State incentive scheme. The Tribunal applied Section 4 of the Central Excise Act, 1944 and treated the early discharge as a timing adjustment only, not a reduction in the underlying sales tax liability. On that basis, the foregone amount was not added to transaction value for assessable value purposes, and the assessee's claim succeeded. en-us Tue, 02 Jul 2024 00:00:00 +0530 Tue, 30 Dec 2025 19:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465524 Premature payment of deferred sales tax at net present value did not create an includible benefit for central excise valuation where the amount remained the liability actually payable under the State incentive scheme. The Tribunal applied Section 4 of the Central Excise Act, 1944 and treated the early discharge as a timing adjustment only, not a reduction in the underlying sales tax liability. On that basis, the foregone amount was not added to transaction value for assessable value purposes, and the assessee's claim succeeded. Case-Laws Central Excise Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465524