https://www.taxtmi.com/caselaws?id=275950 A contractual stipulation fixing the issue price for short-lifted arrack quota was treated as liquidated damages, so the Government could recover the amount even after expiry of the excise year if the licensee failed to lift the minimum guaranteed quantity. The duty component formed part of the recoverable issue price, but sales tax and transport charges were excluded where no corresponding sale or transport occurred. Recovery was also upheld through revenue recovery machinery, because the excise and revenue statutes permitted collection of contract-linked dues as arrears of land revenue, and the Government was not confined to filing a civil suit. en-us Tue, 29 Jan 1974 00:00:00 +0530 Tue, 23 Oct 2018 17:09:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275950 A contractual stipulation fixing the issue price for short-lifted arrack quota was treated as liquidated damages, so the Government could recover the amount even after expiry of the excise year if the licensee failed to lift the minimum guaranteed quantity. The duty component formed part of the recoverable issue price, but sales tax and transport charges were excluded where no corresponding sale or transport occurred. Recovery was also upheld through revenue recovery machinery, because the excise and revenue statutes permitted collection of contract-linked dues as arrears of land revenue, and the Government was not confined to filing a civil suit. Case-Laws Central Excise Tue, 29 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275950