https://www.taxtmi.com/caselaws?id=175993 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 11AC based on the difference between insurance charges collected and spent forming part of the assessable value of goods. The decision was primarily guided by the interpretation of a Supreme Court judgment, emphasizing that unutilized amounts should not be included in the value of goods for taxation purposes, leading to the reversal of the penalty imposition. en-us Fri, 05 Sep 2003 00:00:00 +0530 Thu, 10 Dec 2015 10:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175993 The Tribunal allowed the appeal, setting aside the penalty imposed under Section 11AC based on the difference between insurance charges collected and spent forming part of the assessable value of goods. The decision was primarily guided by the interpretation of a Supreme Court judgment, emphasizing that unutilized amounts should not be included in the value of goods for taxation purposes, leading to the reversal of the penalty imposition. Case-Laws Central Excise Fri, 05 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175993