https://www.taxtmi.com/caselaws?id=444652 The Tribunal determined that liquidated damages paid by SAIPL to VWIPL are part of the price of cars and not penalties. The adjudicating authority failed to invoke Rule 6 of the Central Excise (Determination of Price of Excisable Goods) Rules, 2000, which is crucial for reassessing the transaction value. Consequently, the Tribunal set aside the demand, fines, and penalties imposed by the Commissioner of Central Excise, Pune-I. The appeal was allowed, aligning with the precedent in Skoda Auto Volkswagen India Pvt. Ltd. vs. CCE, and the impugned order was overturned. en-us Wed, 18 Oct 2023 00:00:00 +0530 Fri, 20 Oct 2023 10:08:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444652 The Tribunal determined that liquidated damages paid by SAIPL to VWIPL are part of the price of cars and not penalties. The adjudicating authority failed to invoke Rule 6 of the Central Excise (Determination of Price of Excisable Goods) Rules, 2000, which is crucial for reassessing the transaction value. Consequently, the Tribunal set aside the demand, fines, and penalties imposed by the Commissioner of Central Excise, Pune-I. The appeal was allowed, aligning with the precedent in Skoda Auto Volkswagen India Pvt. Ltd. vs. CCE, and the impugned order was overturned. Case-Laws Central Excise Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444652