2007 (5) TMI 119 - AT - Central Excise

Valuation (Central Excise) - Revenue contended that the amount received as bonus is nothing but additional amount which is to be added in the assessable value and according demand were made along with penalty - Allowed the appeal partly by the adjudicating authority

Summary

The Appellate Tribunal CESTAT, Kolkata heard a case where the appellants received a bonus amount for exceeding supply levels. The Revenue argued that the bonus should be included in the assessable value. The Tribunal agreed, confirming duty demand but setting aside the penalty imposed by lower authorities. Seven appeals were partly allowed, setting aside the penalty while confirming duty demand.