https://www.taxtmi.com/caselaws?id=50353 The appeal by M/s. Jay Yushin Ltd. against the Order-in-Original confirming demand and penalty under Section 11AC of the Central Excise Act was rejected by the Tribunal. The Tribunal held that the cost of the component, received free of cost and used in the final product, should be included in the assessable value. It emphasized revenue neutrality, upheld duty demand, and imposed a reduced penalty of Rs. 30 lakhs due to improper duty payment. Compliance with excise regulations was underscored, and the importance of accepting consequences once duty payment is chosen was highlighted. en-us Mon, 06 Nov 2000 00:00:00 +0530 Sat, 21 Aug 2010 12:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50353 The appeal by M/s. Jay Yushin Ltd. against the Order-in-Original confirming demand and penalty under Section 11AC of the Central Excise Act was rejected by the Tribunal. The Tribunal held that the cost of the component, received free of cost and used in the final product, should be included in the assessable value. It emphasized revenue neutrality, upheld duty demand, and imposed a reduced penalty of Rs. 30 lakhs due to improper duty payment. Compliance with excise regulations was underscored, and the importance of accepting consequences once duty payment is chosen was highlighted. Case-Laws Central Excise Mon, 06 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50353