Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (7) TMI 1210 - AT - Central ExciseValuation - inclusion of amortized costs in assessable value - Held that:- From the invoice, it is clear that on the amortized cost, the respondent has already paid the duty; therefore, they complied with the conditions to the Board Circular No. 170/4/96-CX dt. 23.01.1996. The Revenue has misunderstood the issue by holding that as amortization cost has not been recovered from the buyer, therefore the respondent is liable to pay the duty - Admittedly, as per the invoice, the respondent has paid duty on amortization cost, therefore no proceedings were required to be initiated against the respondent. Demand do not sustain - appeal dismissed - decided against Revenue.
|