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2014 (1) TMI 53 - AT - Central ExciseManner of Amortization of cost – Amortization cost to be included in Assessable value or not - Revenue was of the view that instead of amortizing the cost of moulds/dies of bumpers over their normal life expectancy period, the amortization should be done over period during which these moulds/dies were actually used – Held that:- The appellant have paid duty on the value which included the amortization cost of the moulds/dies and that the amortization cost has been determined on the basis of the total cost of the moulds/dies and the total number of parts which could be manufactured by using the moulds/dies during their total life expectancy - in terms of the Board’s Circular No. 170/4/96-CX, dated 23-1-1996, the amortization cost of patterns which are used for making castings is to be determined on the basis of their expected life and capability of the patterns and the quantity of castings that can be manufactured from them and thus working the cost to be apportioned per unit - Following South East Electronic Components Pvt. Ltd. v. CCE, Meerut [2002 (12) TMI 517 - CEGAT, NEW DELHI] – order set aside – Decided in favour of Assessee.
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