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2008 (3) TMI 513 - SC - VAT and Sales Tax
Whether amortisation cost of toolings was includible in the sale price of auto components as in the case of excise duty under Central Excise Act, 1944?
Whether the Department was right in equating sales tax to excise duty?
Held that:- Appeal allowed. High Court had erred in holding that the amortization cost calculated in terms of Rule 6 of the Excise Valuation Rules, 2000 is includible in the sale price of auto components sold by the appellant herein to its customer, M/s Honda Siel Cars India Ltd.