https://www.taxtmi.com/caselaws?id=50592 Turnover tax paid under the Karnataka Sales Tax Act was treated as deductible from the assessable value for central excise valuation because statutory levies not forming part of the sale price are excluded under Section 4(4)(d)(ii) of the Central Excise Act. The Tribunal followed earlier decisions and departmental instructions recognising that such turnover tax is not includible in assessable value. Deduction was therefore allowable, and the denial of deduction was unsustainable. en-us Thu, 15 Mar 2001 00:00:00 +0530 Mon, 23 Aug 2010 16:26:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50592 Turnover tax paid under the Karnataka Sales Tax Act was treated as deductible from the assessable value for central excise valuation because statutory levies not forming part of the sale price are excluded under Section 4(4)(d)(ii) of the Central Excise Act. The Tribunal followed earlier decisions and departmental instructions recognising that such turnover tax is not includible in assessable value. Deduction was therefore allowable, and the denial of deduction was unsustainable. Case-Laws Central Excise Thu, 15 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50592