The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) has held that the amount paid as bonus or penalty being, post- sale payments cannot be includable in the assessable value and therefore, the same is not subject to excise duty. The appellants engaged in the manufacture of refractory bricks. They raised bonus claim […]
The post Excise Duty can’t be levied on Post-Sale Payments like Bonus: CESTAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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