https://www.taxtmi.com/caselaws?id=240416 The Tribunal held that deductions claimed by the buyer as compensation for delayed delivery by the manufacturer should be included in the assessable value of goods under Section 4 of the Central Excise Act. The judgment emphasized that post-amendment, the value after factoring in liquidated damages constitutes the transaction value for excise duty purposes, aligning with previous decisions. The reference was answered by clarifying that the price including liquidated damages is the transaction value subject to excise duty, regardless of the terminology used. Substantive appeals were remitted for disposal based on this interpretation. en-us Mon, 18 Nov 2013 00:00:00 +0530 Thu, 06 Feb 2014 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240416 The Tribunal held that deductions claimed by the buyer as compensation for delayed delivery by the manufacturer should be included in the assessable value of goods under Section 4 of the Central Excise Act. The judgment emphasized that post-amendment, the value after factoring in liquidated damages constitutes the transaction value for excise duty purposes, aligning with previous decisions. The reference was answered by clarifying that the price including liquidated damages is the transaction value subject to excise duty, regardless of the terminology used. Substantive appeals were remitted for disposal based on this interpretation. Case-Laws Central Excise Mon, 18 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240416