No ST on liquidated damages recovered by SAIL from supplier for failure to deliver consignment within delivery schedule

EXCISE/ST/VAT : Where assessee was engaged in manufacture of carbon steel, amount recovered as (1) liquidated damages from supplier for failure to deliver consignment within delivery schedule, (2) forfeiture of Earnest Money Deposit on failure of successful bidders to make full payment and (3) Ground rent recovered for extension of due date payment of full sale value, could not be considered as consideration for "agreeing to the obligation to refrain from an act,

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