Tag Archives: Transaction Value

Vat/CST subsidy is to be included in transaction value under Section 4 of Central Excise Act

By | December 8, 2015

B2-Jaipur Zone – Assessment and valuation-Retention of Sales Tax Collected from Customers and Inclusion thereof in the Transaction Value: Issue: During the course of audit of certain units, it has been noticed that Government of Rajasthan has declared that the concerned manufacturer shall be eligible for Customized Package (a financial package) under Rajasthan Investment Promotion… Read More »

MRP goods cleared under Not for sale,Excise duty payable on Transaction value

By | November 24, 2015

SUPREME COURT OF INDIA Commissioner of Central Excise, Noida v. Control & Switchgears Contactors Ltd. A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ. CIVIL APPEAL NOS. 4449-4450 OF 2005 AND 984 OF 2007 SEPTEMBER  1, 2015 Valuation under Central Excise – Retail Sale Price/MRP Based Facts of the case ;-  Assessee was manufacturing Contactors, Overload relays,… Read More »