https://www.taxtmi.com/caselaws?id=366571 The Tribunal upheld the inclusion of warranty and maintenance charges in the assessable value of ATMs for Central Excise Duty, as they were deemed mandatory for the sale of ATMs. The appellant's failure to include these charges led to the application of the extended period of limitation, justifying the demand for Central Excise Duty, interest, and penalty under Section 11AC. While one penalty under Rule 25 was set aside, the penalty under Section 11AC was upheld in another appeal. The judgment emphasized the significance of disclosing all relevant charges in the assessable value and the repercussions of concealing facts in excise duty matters. en-us Thu, 06 Sep 2018 00:00:00 +0530 Fri, 07 Sep 2018 07:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366571 The Tribunal upheld the inclusion of warranty and maintenance charges in the assessable value of ATMs for Central Excise Duty, as they were deemed mandatory for the sale of ATMs. The appellant's failure to include these charges led to the application of the extended period of limitation, justifying the demand for Central Excise Duty, interest, and penalty under Section 11AC. While one penalty under Rule 25 was set aside, the penalty under Section 11AC was upheld in another appeal. The judgment emphasized the significance of disclosing all relevant charges in the assessable value and the repercussions of concealing facts in excise duty matters. Case-Laws Central Excise Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366571