2016 (8) TMI 1024

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....presentative for the Appellant. Shri Prabhu DAS Puli, Joint Commissioner (AR) for the Respondent. ORDER The appellants are manufacturers of Resigned Lignite, Carboxyl Methyl Cellulose, Chromo Lignite and Polyglycerol and are registered with Central Excise Department.  The appellants were clearing goods to M/s ONGC Ltd., M/s Oil India Ltd., M/s Singareni Collaries Company Ltd., basing....

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....nnot be claimed as deduction for arriving assessable value since liquidated damages is not an item of expenditure which is to be deducted from the assessable value.  In appeal, the first appellate authority upheld the same.  The appellant is thus before the Tribunal. 2.  The learned counsel for appellant Shri K.V.S. Prabhakar Rao submitted that the issue is squarely covered by th....