https://www.taxtmi.com/caselaws?id=126651 The Appellate Tribunal ruled in favor of the appellants, manufacturers of papers, stating that penal interest collected should not be included in the assessable value of goods as it was equivalent to cash discount allowed. The Tribunal found that the penal interest was not part of the assessable value, overturning the Revenue's proposal and confirming the appellants' position. The appeals were allowed with consequential relief, based on a previous decision in the appellant's own case. en-us Fri, 15 May 2009 00:00:00 +0530 Tue, 04 Dec 2012 13:02:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126651 The Appellate Tribunal ruled in favor of the appellants, manufacturers of papers, stating that penal interest collected should not be included in the assessable value of goods as it was equivalent to cash discount allowed. The Tribunal found that the penal interest was not part of the assessable value, overturning the Revenue's proposal and confirming the appellants' position. The appeals were allowed with consequential relief, based on a previous decision in the appellant's own case. Case-Laws Central Excise Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126651