2002 (2) TMI 101 - SUPREME COURT

Valuation in Central Excise - Cum-duty price when charged, then in arriving at the excisable value of the goods the element of duty which is payable has to be excluded - Wholesale price which is charged is deemed to be the value for the purpose of levy of excise duty under Section 4 of Central Excise Act, 1944, but the element of excise duty, sales tax or other taxes which is included in the wholesale price is to be excluded in arriving at the assessable value