2015 (11) TMI 893

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..... t. Shri Balbir Singh with Rupender Singh, Advocates, for the Assessee. ORDER These are appeals preferred by Revenue and the assessee respectively. Excise Appeal No. 3210/2004 is preferred by Revenue against the Appellate order dated 29-3-2004 while Excise Appeal No. 1016/2005 is by the assessee who is the respondent in Revenue's appeal. This appeal is preferred against the Appellate order dated .....

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..... s of the contract between the parties and on account of delay in delivery of manufactured goods, is liable to pay a lesser amount than the generically agreed price as a result of a clause stipulating variation in the price, on account of liability to ''liquidated damages'', irrespective of whether the clause is titled ''penalty'' or ''liquidated damages'', the resultant price would be the ''transa .....

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