Valuation - where on account of delay in delivery of ...

Delayed Delivery May Lead to Price Reduction Under Contract Clause, Affects Transaction Value for Tax Purposes.

August 29, 2016

Case Laws Central Excise AT

Valuation - where on account of delay in delivery of manufactured goods is liable to pay a lesser amount that the generically agreed price as a result of a clause (in the agreement), stipulating variation in the price, on account the liablility to “liquidated damages”, irrespective of whether the clause is titled “penalty” or “liquidated damages”, the resultant price would be the “transaction value” - AT

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Valuation - where on account of delay in delivery of ...

Delayed Delivery May Lead to Price Reduction Under Contract Clause, Affects Transaction Value for Tax Purposes.

August 29, 2016

Case Laws Central Excise AT

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