https://www.taxtmi.com/caselaws?id=116784 The Tribunal upheld the Revenue's decision regarding the assessable value of 'Perlite Powder,' excluding only the actual cost of durable and returnable packing, not the higher amount claimed by the appellant. The appellant's request for higher abatement for packing in durable bags was rejected as the cost per bag was Rs. 5, in line with contract terms. Excess transportation charges were not included in the assessable value as excise duty is on manufacture, not transportation profit. The Tribunal reduced the penalty imposed on the firm to Rs. 20,000 based on the case circumstances. en-us Wed, 04 Jan 2006 00:00:00 +0530 Sat, 16 Jun 2012 16:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116784 The Tribunal upheld the Revenue's decision regarding the assessable value of 'Perlite Powder,' excluding only the actual cost of durable and returnable packing, not the higher amount claimed by the appellant. The appellant's request for higher abatement for packing in durable bags was rejected as the cost per bag was Rs. 5, in line with contract terms. Excess transportation charges were not included in the assessable value as excise duty is on manufacture, not transportation profit. The Tribunal reduced the penalty imposed on the firm to Rs. 20,000 based on the case circumstances. Case-Laws Central Excise Wed, 04 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116784