https://www.taxtmi.com/caselaws?id=118655 The Tribunal allowed the appeal, determining that liquidated damages deducted for delayed delivery should be treated as compensation, not a penalty, under the Central Excise Act, 1944. The Tribunal concluded that the transaction value should reflect the reduced price after deducting liquidated damages, thereby granting the appellant relief and clarifying the treatment of such deductions in excise duty calculations. en-us Wed, 13 Sep 2006 00:00:00 +0530 Fri, 23 Feb 2024 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118655 The Tribunal allowed the appeal, determining that liquidated damages deducted for delayed delivery should be treated as compensation, not a penalty, under the Central Excise Act, 1944. The Tribunal concluded that the transaction value should reflect the reduced price after deducting liquidated damages, thereby granting the appellant relief and clarifying the treatment of such deductions in excise duty calculations. Case-Laws Central Excise Wed, 13 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118655