https://www.taxtmi.com/caselaws?id=97155 Bank guarantee charges incurred to secure return of the chassis were held not to have any nexus with the manufacturer's production activity and were therefore excluded from the assessable value of the water tankers. Transportation charges for moving the chassis to the factory were also excluded because they related to the chassis, whose value was already excluded under the applicable valuation notification, and transport cost of returnable goods was not includible in assessable value. On that basis, the demand and penalty could not be sustained. en-us Tue, 03 Jul 2001 00:00:00 +0530 Sat, 14 Jan 2012 12:11:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97155 Bank guarantee charges incurred to secure return of the chassis were held not to have any nexus with the manufacturer's production activity and were therefore excluded from the assessable value of the water tankers. Transportation charges for moving the chassis to the factory were also excluded because they related to the chassis, whose value was already excluded under the applicable valuation notification, and transport cost of returnable goods was not includible in assessable value. On that basis, the demand and penalty could not be sustained. Case-Laws Central Excise Tue, 03 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97155