https://www.taxtmi.com/caselaws?id=331640 The Tribunal held that liquidated damages deducted from the assessable value can be claimed as a deduction for central excise duty calculation. Relying on a precedent set by the Larger Bench, the Tribunal determined that any reduction in price due to clauses for liquidated damages should be included in the transaction value for excise duty levy. As a result, the Tribunal found the department's demand unsustainable, set it aside, and allowed the appeal, granting relief to the appellants. en-us Thu, 26 May 2016 00:00:00 +0530 Mon, 29 Aug 2016 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331640 The Tribunal held that liquidated damages deducted from the assessable value can be claimed as a deduction for central excise duty calculation. Relying on a precedent set by the Larger Bench, the Tribunal determined that any reduction in price due to clauses for liquidated damages should be included in the transaction value for excise duty levy. As a result, the Tribunal found the department's demand unsustainable, set it aside, and allowed the appeal, granting relief to the appellants. Case-Laws Central Excise Thu, 26 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331640