https://www.taxtmi.com/caselaws?id=50239 The appellant, a manufacturer, successfully appealed against the duty demanded on nitrogen and craked ammonia, arguing that short lifting compensation paid by their buyer should not be included in the assessable value. The Tribunal ruled that such damages are not part of the agreed price for the goods supplied. Additionally, the Tribunal rejected the inclusion of interest on advances and notional interest on the cost of land in the assessable value. The penalty imposed on the manager was also overturned due to incorrect inclusion of amounts in the assessable value. The Tribunal set aside the impugned orders and allowed the appeals. en-us Thu, 21 Dec 2000 00:00:00 +0530 Fri, 20 Aug 2010 15:31:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50239 The appellant, a manufacturer, successfully appealed against the duty demanded on nitrogen and craked ammonia, arguing that short lifting compensation paid by their buyer should not be included in the assessable value. The Tribunal ruled that such damages are not part of the agreed price for the goods supplied. Additionally, the Tribunal rejected the inclusion of interest on advances and notional interest on the cost of land in the assessable value. The penalty imposed on the manager was also overturned due to incorrect inclusion of amounts in the assessable value. The Tribunal set aside the impugned orders and allowed the appeals. Case-Laws Central Excise Thu, 21 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50239