https://www.taxtmi.com/caselaws?id=337137 The Tribunal set aside the penalty imposed under Rule 25 of Central Excise Rules on the appellant for non-inclusion of the value of material supplied by the customer in manufactured goods. The appellant had paid the excise duty and interest without contesting the differential duty, showing good faith. Since the duty was paid based on self-ascertainment before a notice was served, the Tribunal held that no penalty was applicable. This case underscores the significance of self-ascertainment and timely payment to avoid penalties under Rule 25 of Central Excise Rules. en-us Thu, 15 Dec 2016 00:00:00 +0530 Wed, 04 Jan 2017 08:55:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337137 The Tribunal set aside the penalty imposed under Rule 25 of Central Excise Rules on the appellant for non-inclusion of the value of material supplied by the customer in manufactured goods. The appellant had paid the excise duty and interest without contesting the differential duty, showing good faith. Since the duty was paid based on self-ascertainment before a notice was served, the Tribunal held that no penalty was applicable. This case underscores the significance of self-ascertainment and timely payment to avoid penalties under Rule 25 of Central Excise Rules. Case-Laws Central Excise Thu, 15 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337137