https://www.taxtmi.com/caselaws?id=114132 The Tribunal granted the stay application, waiving the duty and penalty for the appellants amounting to Rs. 1,64,36,241/-, as it found that the compensation received under the contract agreement was liquidated damages for not meeting quantity obligations, not additional consideration for goods supplied. The Tribunal noted the need for the Revenue to establish the connection between the compensation and supplies in the future. The appellants were favored on both merit and time-bar, with the final hearing scheduled for February 14, 2005, due to the significant amounts at stake. en-us Fri, 24 Sep 2004 00:00:00 +0530 Fri, 11 May 2012 15:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114132 The Tribunal granted the stay application, waiving the duty and penalty for the appellants amounting to Rs. 1,64,36,241/-, as it found that the compensation received under the contract agreement was liquidated damages for not meeting quantity obligations, not additional consideration for goods supplied. The Tribunal noted the need for the Revenue to establish the connection between the compensation and supplies in the future. The appellants were favored on both merit and time-bar, with the final hearing scheduled for February 14, 2005, due to the significant amounts at stake. Case-Laws Central Excise Fri, 24 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114132