https://www.taxtmi.com/caselaws?id=576 The Appellate Tribunal in New Delhi heard appeals regarding duty demands and penalties on manufacturers of television sets and a related buyer. The dispute centered on excise valuation of TV sets sold to the buyer, with disagreements over assessable value and deductions. The Tribunal ruled in favor of the manufacturers, emphasizing the need to base assessable value on approved values of identical sets sold by the buyer, allowing deductions for sales tax, freight, and trade discount as per legal provisions. The case was remanded for a fresh assessment considering approved values and necessary deductions for accurate valuation. en-us Mon, 19 Dec 2005 00:00:00 +0530 Sun, 13 Apr 2008 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=576 The Appellate Tribunal in New Delhi heard appeals regarding duty demands and penalties on manufacturers of television sets and a related buyer. The dispute centered on excise valuation of TV sets sold to the buyer, with disagreements over assessable value and deductions. The Tribunal ruled in favor of the manufacturers, emphasizing the need to base assessable value on approved values of identical sets sold by the buyer, allowing deductions for sales tax, freight, and trade discount as per legal provisions. The case was remanded for a fresh assessment considering approved values and necessary deductions for accurate valuation. Case-Laws Central Excise Mon, 19 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=576