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2015 (4) TMI 350 - SC - Central ExciseValuation of goods - Inclusion of sales tax amount - amount of 75% was retained by the assessee - Held that:- This Court in Commissioner of Central Excise, Jaipur II vs. Super Syncotex (India Ltd.) [2014 (3) TMI 42 - SUPREME COURT] has considered the issue - Accordingly, as per the aforesaid decision, the assessee/respondent herein will not be liable to pay any excise duty on the sales tax amount which was retained under the Incentive Scheme up to 30th June, 2000. However, this component of sales tax which was retained by the assessee after 1.7.2000 shall be includible in arriving at the transaction value and sales tax shall be paid thereon. - Demand invoking extended period of limitation confirmed - However, penalty imposed is set aside - Decided partly in favour Revenue.
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