https://www.taxtmi.com/caselaws?id=466550 Premature discharge of deferred sales tax at net present value under a State incentive scheme was not additional consideration for central excise valuation because the valuation rule excludes sales tax actually paid or actually payable from transaction value. The difference between the deferred liability and the discounted payment reflected only the time value of money, and no part of the tax collected from buyers was retained as consideration for the goods. A precedent involving retention of a portion of sales tax was distinguished on that basis. The amount was therefore not includible in the assessable value, and the demand could not be sustained. en-us Wed, 15 May 2024 00:00:00 +0530 Thu, 12 Feb 2026 15:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466550 Premature discharge of deferred sales tax at net present value under a State incentive scheme was not additional consideration for central excise valuation because the valuation rule excludes sales tax actually paid or actually payable from transaction value. The difference between the deferred liability and the discounted payment reflected only the time value of money, and no part of the tax collected from buyers was retained as consideration for the goods. A precedent involving retention of a portion of sales tax was distinguished on that basis. The amount was therefore not includible in the assessable value, and the demand could not be sustained. Case-Laws Central Excise Wed, 15 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466550