https://www.taxtmi.com/caselaws?id=439118 Penalty under Rule 26 of the Central Excise Rules, 2002 was found not to be imposable where the dispute arose from valuation of excisable goods and the alleged undervaluation was linked to drawings and designs supplied free of cost to job workers. The Tribunal applied its earlier ruling on the same valuation issue and held that the reasoning used to set aside penalty for free supply of drawings and designs governed these appeals as well. The decision therefore confirms that, on these facts, the penalty could not be sustained merely because the cost of such drawings and designs was ed for assessable value purposes. en-us Tue, 13 Jun 2023 00:00:00 +0530 Wed, 21 Jun 2023 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439118 Penalty under Rule 26 of the Central Excise Rules, 2002 was found not to be imposable where the dispute arose from valuation of excisable goods and the alleged undervaluation was linked to drawings and designs supplied free of cost to job workers. The Tribunal applied its earlier ruling on the same valuation issue and held that the reasoning used to set aside penalty for free supply of drawings and designs governed these appeals as well. The decision therefore confirms that, on these facts, the penalty could not be sustained merely because the cost of such drawings and designs was ed for assessable value purposes. Case-Laws Central Excise Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439118