https://www.taxtmi.com/caselaws?id=204278 The Tribunal held that deductions from the agreed price for breaches of contract do not justify a refund of duty paid. It clarified that clauses for price reduction due to late delivery are not considered price variations but compensations for breaches. Transaction value under the Central Excise Act should reflect the agreed price, excluding compensations for breaches. Previous decisions supported that deductions for breaches do not alter the assessable value. The appeal succeeded, overturning the refund granted by the Commissioner (Appeals) and restoring the rejection of the refund claim by the Adjudicating Authority. en-us Thu, 15 Jul 2010 00:00:00 +0530 Wed, 05 Jun 2013 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204278 The Tribunal held that deductions from the agreed price for breaches of contract do not justify a refund of duty paid. It clarified that clauses for price reduction due to late delivery are not considered price variations but compensations for breaches. Transaction value under the Central Excise Act should reflect the agreed price, excluding compensations for breaches. Previous decisions supported that deductions for breaches do not alter the assessable value. The appeal succeeded, overturning the refund granted by the Commissioner (Appeals) and restoring the rejection of the refund claim by the Adjudicating Authority. Case-Laws Central Excise Thu, 15 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204278