2005 (2) TMI 549 - AT - Central Excise

Summary

The appellant, a manufacturer of electricity meters, faced a penalty for delayed delivery to Dakshin Haryana Bijli Vitran Nigam Ltd. The appellant's claim for a reduced price assessment due to the penalty was rejected by lower authorities. The appeal was dismissed as there is no provision in excise law for deducting penalties from the sale price for assessable value.