https://www.taxtmi.com/caselaws?id=542 The Tribunal upheld the short levy of duty on an LPG Tanker mounted on a Trailer due to the non-inclusion of essential items in the assessable value. The penalty under Section 11AC was imposed as the items were found to be part of the finished goods, not the Chassis, for which an exemption was claimed. The Tribunal rejected arguments against including the items in the assessable value, upheld the finding of wilful suppression of facts by the assessee, and imposed the penalty for the disputed period. The appeal was disposed of with decisions in line with the Tribunal's findings. en-us Tue, 21 Feb 2006 00:00:00 +0530 Sun, 13 Apr 2008 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=542 The Tribunal upheld the short levy of duty on an LPG Tanker mounted on a Trailer due to the non-inclusion of essential items in the assessable value. The penalty under Section 11AC was imposed as the items were found to be part of the finished goods, not the Chassis, for which an exemption was claimed. The Tribunal rejected arguments against including the items in the assessable value, upheld the finding of wilful suppression of facts by the assessee, and imposed the penalty for the disputed period. The appeal was disposed of with decisions in line with the Tribunal's findings. Case-Laws Central Excise Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=542