https://www.taxtmi.com/caselaws?id=1525 Charges recovered separately for printing cylinders were held to form part of the cost of manufacture and were therefore includible in the assessable value of the finished goods for central excise duty. The earlier remand was treated as limited, and the separate recovery from customers was upheld as value attributable to the cylinders. Although the duty demand was sustained, the penalty under the excise rules was found excessive on the facts and was substantially reduced. The assessee succeeded only to that limited extent, with the liability maintained but the quantum of penalty moderated. en-us Thu, 12 Jul 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1525 Charges recovered separately for printing cylinders were held to form part of the cost of manufacture and were therefore includible in the assessable value of the finished goods for central excise duty. The earlier remand was treated as limited, and the separate recovery from customers was upheld as value attributable to the cylinders. Although the duty demand was sustained, the penalty under the excise rules was found excessive on the facts and was substantially reduced. The assessee succeeded only to that limited extent, with the liability maintained but the quantum of penalty moderated. Case-Laws Central Excise Thu, 12 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1525