https://www.taxtmi.com/caselaws?id=266791 The Tribunal ruled in favor of the respondent, a manufacturer of excisable goods, in a case concerning the liability to pay duty on retained sales tax concessions. The Tribunal held that the respondent was not liable to pay duty or include the sales tax concession amount in the assessable value of goods sold, overturning the Revenue's demand for duty, interest, and penalties. Additionally, the Tribunal found that the extended period of limitation for demanding duty and imposing penalties was not applicable due to conflicting interpretations from the CBEC Circular, Tribunal decisions, and recent Supreme Court judgments. The case was remanded for quantification of the demand within the limitation period. en-us Wed, 19 Aug 2015 00:00:00 +0530 Sat, 24 Oct 2015 07:51:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266791 The Tribunal ruled in favor of the respondent, a manufacturer of excisable goods, in a case concerning the liability to pay duty on retained sales tax concessions. The Tribunal held that the respondent was not liable to pay duty or include the sales tax concession amount in the assessable value of goods sold, overturning the Revenue's demand for duty, interest, and penalties. Additionally, the Tribunal found that the extended period of limitation for demanding duty and imposing penalties was not applicable due to conflicting interpretations from the CBEC Circular, Tribunal decisions, and recent Supreme Court judgments. The case was remanded for quantification of the demand within the limitation period. Case-Laws Central Excise Wed, 19 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266791