https://www.taxtmi.com/caselaws?id=465523 Premature repayment of deferred sales tax at net present value was held not to form part of the assessable value for central excise. The valuation rule excludes sales tax and other taxes actually paid or actually payable from transaction value, and the deferral scheme only advanced the timing of discharge without reducing or altering the underlying sales tax liability. The difference between the original liability and the discounted payment arose from the timing benefit under the scheme, not from any taxable consideration connected with the manufactured goods. The demand was therefore unsustainable in favour of the assessee. 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=465523 Premature repayment of deferred sales tax at net present value was held not to form part of the assessable value for central excise. The valuation rule excludes sales tax and other taxes actually paid or actually payable from transaction value, and the deferral scheme only advanced the timing of discharge without reducing or altering the underlying sales tax liability. The difference between the original liability and the discounted payment arose from the timing benefit under the scheme, not from any taxable consideration connected with the manufactured goods. The demand was therefore unsustainable in favour of the assessee. Case-Laws Central Excise Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465523