Register Daily Newsletters My Bookmarks My Queries (D. Forum) My Replies (D. Forum) My Articles My Inbox (PM) Feedback/ Suggestions
Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding

   For Sales / Support:
WhatsApp WhatsApp 9911796707
Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes
TMI - e-Newsletter     TaxTMI    Revised ITR-3 Form Introduced for AY 2025-26,...     TaxTMI    SEBI Amends Stock Exchange Rules: Cooling-Off...     TaxTMI    Trustees Now Required to Disclose Litigation and...     TaxTMI    Customs Mutual Administrative Assistance Expanded:...     TaxTMI    RBI Extends Diamond Dollar Account Qualification...     TaxTMI    Firm's Multi-State Registration Sparks Legal...     TaxTMI    Technical Filing Glitch Overturned: GST Appeal...     TaxTMI    Landmark GST Ruling: Petitioners Win Right to...     TaxTMI    Government Revokes Import Duty Exemptions Under...     TaxTMI    Customs Notifications Updated: Finance Act 2025...     TaxTMI    New Income Tax Rules 2025 Simplify Return Filing...     TaxTMI    GST Notifications on COVID-19 Deadline Extensions...     TaxTMI    Gold and Silver Import Regulations Updated: 13...     TaxTMI    Comprehensive Guidelines Unveiled for ESG Rating...     TaxTMI    Government Clarifies Tax Treatment for Co-Insurance...     TaxTMI    Latest Case-Laws     TaxTMI    Latest Notifications + Circulars     TaxTMI    GST Council Decisions     TaxTMI       Right Stop
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Central Excise - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Valuation - liquidated damages are admissible deductions from ...


Liquidated Damages Deductible from Assessable Value u/s 4 of Central Excise Act, 1944.

September 13, 2018

Case Laws     Central Excise     AT

Valuation - liquidated damages are admissible deductions from the assessable value in terms of Section 4 of Central Excise Act, 1944

View Source

 

← Previous Next →

 

You may also like:

  1. Denial of refund claim - Valuation - the liquidated damages (LD) had to be factored in to arrive at the correct transaction value which has to be treated as assessable...

  2. Refund - valuation - The liquidated damages have to be deducted from the assessable value given in the invoice in respect of payment of central excise duty - refund of...

  3. Assessable value - correct method to arrive at assessable value for the goods captively used by sister unit in manufacturing of final product is only CAS-4 - AT

  4. Subsidy received by the appellant under Rajasthan Investment Promotion Scheme 2010 from the State Government cannot be included in assessable value of goods cleared...

  5. Method of Valuation - prototype vehicles - goods cleared from the factory on payment of duty under self invoice on the comparable value of the similar vehicle applying...

  6. The court dismissed the appeal against the arbitrator's decision not to levy liquidated damages due to the failure to plead and demonstrate legal injury. The court held...

  7. Levy of service tax with interest and penalty - liquidated damages - While the above Orders have been passed by the Tribunal in 2022, subsequently, CBIC has issued...

  8. Disallowance of liquidated damages claimed by assessee - “Liquidated damages” are compensation paid for breach of contract. We are therefore, unable to understand how...

  9. Disallowance of assessee’s claim in respect of its liquidated damages - Revenue argument that these liquidated damages are only in the nature of a provision is...

  10. Payment of liquidated damages - Capital or Revenue in nature - the claim of assessee on liquidated damages deducted under the agreed condition of the contract is...

  11. Liquidated damages paid for delay in delivery of materials is deductible expenditure in the year in which the liability to pay arises as per the agreement between the...

  12. Assessable value – As per Rule 5 of the Central Excise (Valuation) Rules, 2000, the transportation charges shown separately in the invoice or charge separately are not...

  13. Valuation - inclusion of Cash discount - the assessable value shown in the Central Excise invoice was 4% less than the assessable value shown in the commercial invoices...

  14. The Advance Ruling Authority determined that the levy of GST on liquidated damages constitutes a supply of service under the Central Goods and Services Tax Act....

  15. Method of Valuation - to be valued u/s 4 or u/s 4A - MRP based value or Transaction value - supply of medicaments to Government Institutions such as BHEL, Railway,...

 

Quick Updates:Latest Updates

What's New:
    Latest Case Laws
What's New:
    Latest Notifications
What's New:
    Latest Circulars
F: Business Transfer: Assessing GST Exemption for Partial Asset Migration...
T: Taxation of Foreign Exchange Asset Transfers by NRIs : Clause 215 of t...
F: GST Liability Triggered by Delayed Invoices: Unregistered Vendor Rent ...
T: Non-Resident Investors Face New 20% and 12.5% Tax Rates Under Clause 2...
F: Company Wins GST Appeal on Employee Food Coupons, Seeks Re-Credit of P...
T: Tax Rules Reshape Income Calculation for Non-Resident Indians, Introdu...
T: Foreign Investors Get Tax Clarity: New Interpretative Provisions Strea...
T: Nonprofit Tax Accountability: New Clause 337 Targets Anonymous Donatio...
T: Online Gaming Winnings Now Subject to Flat 30% Tax Rate Under New Inco...
T: Virtual Digital Assets Face Strict 30% Tax Rate with No Deductions or ...
F: Tax Return Error? Pay Differential Amount via DRC-03 Immediately to Pr...
A: NGOs Can Secure Tax Benefits Through 12A and 80G Registrations, Enabli...
A: GST Appellate Tribunal Introduces Mandatory Online Filing and Enhanced...
A: Business Partners Clash Over Solar Project Settlement, Insolvency Appl...
A: One Person Company Must File Annual Returns Timely to Avoid Penalties ...
A: Cyber Insurance: Shielding Businesses from Digital Risks with Comprehe...
A: Cyber Insurance: Shielding Businesses from Digital Threats with Compre...
A: Green Supply Chain Strategies Unlock Cost Savings and Environmental Be...
A: Gati Shakti Plan Targets 8% Logistics Cost, Boosts National Competitiv...
A: Transforming Lifestyle Choices: Zero Waste Living Empowers Individuals...
A: Transforming Organic Waste into Nutrient-Rich Soil Through Innovative ...
A: Municipalities Must Redesign Concrete Walkways into Eco-Friendly, Perm...
A: Green Pathways Outperform Concrete in Ecological Benefits, Offering In...
A: Sustainable Mobility: One Car-Free Day Weekly Can Slash Carbon Emissio...
A: Cloth Bags: Empowering Citizens to Combat Plastic Pollution and Protec...
H: Procedural Defect Leads to Invalidation of Tax Assessment Order, Manda...
H: Judicial Resolution Enables Export Tax Refund Despite Minor GST Number...
H: Workmen's Gratuity Claims Upheld as Legitimate Operational Debt, Corpo...
H: High Court Validates Arbitral Award, Confirms Arbitrator's Reasoning a...
H: Interim Relief Granted: GST Tariff Dispute Halts Recovery Proceedings ...