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2013 (12) TMI 1453 - AT - Central ExciseValuation of goods - Interest under Sec. 11AB and penalty under Sec. 11AC - whether the element of cost incurred for developing tools and moulds for manufacturing components and further used in the manufacture of seats manufactured by the appellant, is required to be added to the assessable value of seats and cleared by the appellant to M/s. GMI - Held that:- M/s. GMI has given a contract to the appellant to supply him a manufactured product and for that purpose an amount is given for developing the tools/moulds required for parts/components which are used in the manufacture of seats supplied to M/s. GMI. It is irrelevant as to how appellant gets the parts/components developed and manufactured but what is appropriately relevant is that such amount received is a consideration with respect to the finished manufactured seats required by M/s. GMI. Accordingly, it is required to be held that appropriate element of cost, enhancing the value of the component/parts, will also required to be added to the assessable value of the seats. - Decided in the case of M/s. Lear Automotive India Pvt. Ltd. v. CCE, Nashik [2012 (11) TMI 294 - CESTAT, MUMBAI] followed. - Decided against assessee.
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