https://www.taxtmi.com/caselaws?id=114875 Delayed-delivery penalty could not be deducted from the sale price for excise valuation because the contractual price had already been adopted as the assessable value and duty had been paid on that basis. The later reduction in the amount received was attributable to the buyer's penalty claim, which was treated as separate from the price of the goods, and no excise provision permitted such a deduction. The refund claim was therefore rejected. en-us Fri, 04 Feb 2005 00:00:00 +0530 Mon, 21 May 2012 17:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114875 Delayed-delivery penalty could not be deducted from the sale price for excise valuation because the contractual price had already been adopted as the assessable value and duty had been paid on that basis. The later reduction in the amount received was attributable to the buyer's penalty claim, which was treated as separate from the price of the goods, and no excise provision permitted such a deduction. The refund claim was therefore rejected. Case-Laws Central Excise Fri, 04 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114875