2018 (2) TMI 1752

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..... s Thavanam, A.R. for the Respondent. [Order per: M.V. RAVINDRAN] The issue in dispute concerns excise duty in respect of supply and apply contracts which involved both consumption of paints manufactured by the appellant and also application thereof. The appellants took a view that excise duty is required to be paid only on that element of cost representing the value of paints and not on the va .....

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..... ving at the assessable value. There is also no allegation that appellant suppressed the methodology adopted by them. For these reasons we find that the ingredients of Section 11AC are not attracted in this case and there cannot be any penalty that can be imposed under that Section. Appeal disposed of on above terms. (Order pronounced and dictated in open court)
Case laws, Decisions, Judgement .....

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