https://www.taxtmi.com/caselaws?id=755325 The CESTAT Chandigarh held that pool lifting charges collected by appellants from dealers must be included in the assessable value of motor vehicles, rejecting the argument that such charges do not enhance vehicle marketability. The tribunal referenced Victory Electricals Ltd precedent establishing that transaction value includes all contractual amounts regardless of penalty clauses. However, the extended limitation period was deemed inapplicable as the department had previously examined the same records, and penalty was set aside for lack of mens rea. The appeals were partly allowed, confirming duty demand for normal period only with applicable interest but no penalty. en-us Tue, 09 Jul 2024 00:00:00 +0530 Wed, 10 Jul 2024 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755325 The CESTAT Chandigarh held that pool lifting charges collected by appellants from dealers must be included in the assessable value of motor vehicles, rejecting the argument that such charges do not enhance vehicle marketability. The tribunal referenced Victory Electricals Ltd precedent establishing that transaction value includes all contractual amounts regardless of penalty clauses. However, the extended limitation period was deemed inapplicable as the department had previously examined the same records, and penalty was set aside for lack of mens rea. The appeals were partly allowed, confirming duty demand for normal period only with applicable interest but no penalty. Case-Laws Central Excise Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755325