https://www.taxtmi.com/caselaws?id=441029 The Appellate Tribunal ruled in favor of M/s Schenck Process India Ltd., holding that the value of bought out items like personal Computer, Printer, UPS, Stabilizer, and Air-Conditioner should not be included in the assessable value for Central Excise duty. The Tribunal found these items were not essential parts of the weigh bridge system and could function independently, aligning with the definition of "transaction value" under the Central Excise Act. Citing relevant case law, the Tribunal concluded that such items should be considered as accessories only, ultimately allowing the appeal and relieving the Appellants from paying duty, interest, or penalty. en-us Thu, 13 Jul 2023 00:00:00 +0530 Tue, 01 Aug 2023 09:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441029 The Appellate Tribunal ruled in favor of M/s Schenck Process India Ltd., holding that the value of bought out items like personal Computer, Printer, UPS, Stabilizer, and Air-Conditioner should not be included in the assessable value for Central Excise duty. The Tribunal found these items were not essential parts of the weigh bridge system and could function independently, aligning with the definition of "transaction value" under the Central Excise Act. Citing relevant case law, the Tribunal concluded that such items should be considered as accessories only, ultimately allowing the appeal and relieving the Appellants from paying duty, interest, or penalty. Case-Laws Central Excise Thu, 13 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441029