https://www.taxtmi.com/caselaws?id=366429 The Tribunal allowed the appeals filed by M.s Gokulanand Petrofibres, overturning the confirmation of demand and penalties imposed for the allegedly unrecovered freight amount not reflected in the invoices. The Tribunal held that the charges for returning empty vehicles from the buyer's premises, although not included in the invoices, should not be part of the assessable value of goods as they were unrelated to the manufacturing process. The Tribunal distinguished previous decisions cited by the Assistant Commissioner, emphasizing the relevance of the Hon'ble Apex Court's ruling in Ispat Industries (2015). en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 05 Sep 2018 07:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366429 The Tribunal allowed the appeals filed by M.s Gokulanand Petrofibres, overturning the confirmation of demand and penalties imposed for the allegedly unrecovered freight amount not reflected in the invoices. The Tribunal held that the charges for returning empty vehicles from the buyer's premises, although not included in the invoices, should not be part of the assessable value of goods as they were unrelated to the manufacturing process. The Tribunal distinguished previous decisions cited by the Assistant Commissioner, emphasizing the relevance of the Hon'ble Apex Court's ruling in Ispat Industries (2015). Case-Laws Central Excise Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366429