https://www.taxtmi.com/caselaws?id=110600 The Tribunal set aside the penalty imposed under Section 11AC for delayed duty payment on amortized cost of moulds provided free of cost by buyers. The Tribunal found no willful suppression of facts by the appellant and noted conflicting Tribunal decisions on including such costs in assessable value. As the issue was not conclusively settled during the relevant period, the penalty imposition was deemed unjustified. The appeal was allowed in favor of the appellant, relieving them of the penalty burden. en-us Thu, 18 Dec 2003 00:00:00 +0530 Tue, 17 Apr 2012 16:58:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110600 The Tribunal set aside the penalty imposed under Section 11AC for delayed duty payment on amortized cost of moulds provided free of cost by buyers. The Tribunal found no willful suppression of facts by the appellant and noted conflicting Tribunal decisions on including such costs in assessable value. As the issue was not conclusively settled during the relevant period, the penalty imposition was deemed unjustified. The appeal was allowed in favor of the appellant, relieving them of the penalty burden. Case-Laws Central Excise Thu, 18 Dec 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110600