https://www.taxtmi.com/caselaws?id=113933 The Tribunal set aside the duty demand and penalties imposed on a manufacturer and its Director for T.V. sets, as the assessable value did not exceed Rs. 5,000/- as required by the notifications. The judgment clarified the components to be included in the assessable value, excluding certain costs and emphasizing the inclusion of notional interest on security deposits. By meticulously analyzing the assessable value, the Tribunal ensured compliance with the relevant notifications and legal standards, ultimately ruling in favor of the manufacturer and its Director. en-us Tue, 22 Jun 2004 00:00:00 +0530 Wed, 09 May 2012 13:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113933 The Tribunal set aside the duty demand and penalties imposed on a manufacturer and its Director for T.V. sets, as the assessable value did not exceed Rs. 5,000/- as required by the notifications. The judgment clarified the components to be included in the assessable value, excluding certain costs and emphasizing the inclusion of notional interest on security deposits. By meticulously analyzing the assessable value, the Tribunal ensured compliance with the relevant notifications and legal standards, ultimately ruling in favor of the manufacturer and its Director. Case-Laws Central Excise Tue, 22 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113933