https://www.taxtmi.com/caselaws?id=368490 Valuation of fabricated motor vehicles built on chassis supplied free of cost required reconsideration of the assessable value under the applicable valuation principles, and the duty demand was sent back for recomputation in line with earlier tribunal directions. The earlier reasoning noted that taxes excluded from assessable value had to be examined before finalising duty. On penalty, the prior orders recorded that no penalty was warranted, and the penalty issue was resolved in favour of the assessee. The operative effect was remand for fresh computation of duty and consequential relief on penalty. en-us Fri, 24 Aug 2018 00:00:00 +0530 Tue, 09 Oct 2018 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368490 Valuation of fabricated motor vehicles built on chassis supplied free of cost required reconsideration of the assessable value under the applicable valuation principles, and the duty demand was sent back for recomputation in line with earlier tribunal directions. The earlier reasoning noted that taxes excluded from assessable value had to be examined before finalising duty. On penalty, the prior orders recorded that no penalty was warranted, and the penalty issue was resolved in favour of the assessee. The operative effect was remand for fresh computation of duty and consequential relief on penalty. Case-Laws Central Excise Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368490