https://www.taxtmi.com/news?id=425 One decision examines the charge on delayed duty, finding the fixed daily penal component invalid and limiting interest on delayed payment to the statutory monthly rate; another treats duty paid high tensile steel straps used to secure fully packed export coils as packing material qualifying as inputs for input credit where received in factory premises and used in dispatch. Additional rulings address abatement under a compounded levy scheme where machinery was non operational due to external seizure; inclusion of non returnable packing materials in assessable value of packaged liquor; and characterization of suppliers issuing only manufacturing instructions as not manufacturers for duty calculation on job work production. en-us Tue, 13 May 2008 23:33:00 +0530 Mon, 23 Jun 2008 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=425 One decision examines the charge on delayed duty, finding the fixed daily penal component invalid and limiting interest on delayed payment to the statutory monthly rate; another treats duty paid high tensile steel straps used to secure fully packed export coils as packing material qualifying as inputs for input credit where received in factory premises and used in dispatch. Additional rulings address abatement under a compounded levy scheme where machinery was non operational due to external seizure; inclusion of non returnable packing materials in assessable value of packaged liquor; and characterization of suppliers issuing only manufacturing instructions as not manufacturers for duty calculation on job work production. News - Tue, 13 May 2008 23:33:00 +0530 https://www.taxtmi.com/news?id=425