https://www.taxtmi.com/caselaws?id=355356 The Tribunal acknowledged the inadvertent errors made by the appellants in failing to include the money value of tool cost and free issue materials in the assessable value of parts supplied. Penalties were set aside due to the absence of clandestine activities, with the appellants promptly rectifying the duty liability upon discovery. The Tribunal emphasized the importance of including correct values in the assessable amount, even in internal transactions, while confirming the demand for differential duty, interest, and penalties. The request for leniency in penalties based on procedural misunderstanding was granted, subject to payment of interest on the confirmed duty/credit amounts. en-us Thu, 21 Sep 2017 00:00:00 +0530 Wed, 14 Feb 2018 09:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355356 The Tribunal acknowledged the inadvertent errors made by the appellants in failing to include the money value of tool cost and free issue materials in the assessable value of parts supplied. Penalties were set aside due to the absence of clandestine activities, with the appellants promptly rectifying the duty liability upon discovery. The Tribunal emphasized the importance of including correct values in the assessable amount, even in internal transactions, while confirming the demand for differential duty, interest, and penalties. The request for leniency in penalties based on procedural misunderstanding was granted, subject to payment of interest on the confirmed duty/credit amounts. Case-Laws Central Excise Thu, 21 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355356