Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1976 (10) TMI 103 - SUPREME COURT
Whether the excise duty deposited directly in a State treasury or a sub-treasury by the purchasers of the Indian-made foreign liquor called "Indian liquors" before removing the said liquor from a distillery and the countervailing duty remitted directly to a State treasury or a sub-treasury by the purchasers of the aforesaid specie of liquor before removing it from a bonded warehouse can properly be said to form part of the turnover of the manufacturer and of the owner of the bonded warehouse respectively and as such liable to sales tax under the Act?
Held that:- Appeal allowed. No hesitation in holding that the excise duty and the countervailing duty paid directly by the buyers of the Indian liquors as stated above did not constitute a part of the turnovers of the appellants.