https://www.taxtmi.com/caselaws?id=54901 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, a steel products manufacturer, in a case concerning the exclusion of sales tax from the assessable value for Central Excise duty. The appellant's argument that the sales tax amounts collected but not deposited should be excluded was accepted, emphasizing that the nature of the collected amounts as sales tax payable remained unchanged despite retention for industrial development incentives. The Tribunal held that as a tax payable is eligible for deduction, the appellant's appeal was allowed, and the impugned order was set aside. en-us Fri, 12 Aug 2005 00:00:00 +0530 Fri, 22 Oct 2010 16:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54901 The Appellate Tribunal CESTAT, New Delhi ruled in favor of the appellant, a steel products manufacturer, in a case concerning the exclusion of sales tax from the assessable value for Central Excise duty. The appellant's argument that the sales tax amounts collected but not deposited should be excluded was accepted, emphasizing that the nature of the collected amounts as sales tax payable remained unchanged despite retention for industrial development incentives. The Tribunal held that as a tax payable is eligible for deduction, the appellant's appeal was allowed, and the impugned order was set aside. Case-Laws Central Excise Fri, 12 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54901