Home Case Index All Cases Central Excise Central Excise + SC Central Excise - 2005 (3) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (3) TMI 120 - SC - Central ExciseValuation (Central Excise) - Turnover tax - whether at the time of working out valuation of the goods, under the Central Excises and Salt Act, 1944, the turnover tax can be deducted - Held that:- Under Section 4(4)(d)(ii) of the Central Excises and Salt Act, 1944, the value is not to include the amount of duty of excise, sales tax and other taxes if any payable on goods. Under Section 18 of the Karnataka Sales Tax Act, 1957 a registered dealer has to pay a tax known as 'turnover tax' and by virtue of sub-section (3) of Section 18 he is not permitted to pass on that tax to the customer - so long as the tax is payable it can be deducted - Decided against Revenue.
|