https://www.taxtmi.com/caselaws?id=370799 The Tribunal held that the Guaranteed Powder Factor in the contract acted as a penalty rather than a price variation clause, impacting the assessable value under the Central Excise Act, 1994. The decision favored the Revenue, emphasizing that penalties or rewards based on product performance benchmarks should not alter the assessable value. The Tribunal's ruling clarified the distinction between price variation clauses and penalties, setting aside the previous order and allowing the appeal in favor of the Revenue. en-us Fri, 16 Nov 2018 00:00:00 +0530 Sat, 24 Nov 2018 07:23:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370799 The Tribunal held that the Guaranteed Powder Factor in the contract acted as a penalty rather than a price variation clause, impacting the assessable value under the Central Excise Act, 1994. The decision favored the Revenue, emphasizing that penalties or rewards based on product performance benchmarks should not alter the assessable value. The Tribunal's ruling clarified the distinction between price variation clauses and penalties, setting aside the previous order and allowing the appeal in favor of the Revenue. Case-Laws Central Excise Fri, 16 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370799