https://www.taxtmi.com/caselaws?id=50550 Turnover tax paid by the assessee was deductible from the assessable value under central excise valuation, even though State sales tax law barred collection of that tax from the buyer. The Tribunal held that the statutory embargo on collection did not alter the character of turnover tax for section 4 valuation, and departmental instructions together with the Law Ministry's view supported deduction once actual payment was established. The Supreme Court decision cited on exemption notifications was held inapplicable to this valuation issue, so the assessee's deduction claim was restored. en-us Wed, 14 Mar 2001 00:00:00 +0530 Mon, 23 Aug 2010 13:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50550 Turnover tax paid by the assessee was deductible from the assessable value under central excise valuation, even though State sales tax law barred collection of that tax from the buyer. The Tribunal held that the statutory embargo on collection did not alter the character of turnover tax for section 4 valuation, and departmental instructions together with the Law Ministry's view supported deduction once actual payment was established. The Supreme Court decision cited on exemption notifications was held inapplicable to this valuation issue, so the assessee's deduction claim was restored. Case-Laws Central Excise Wed, 14 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50550