1997 (10) TMI 169 - AT - Central Excise

Summary

The appellants manufactured brake components for a buyer who paid for tooling and development costs. The Revenue alleged that these charges should have been added to the assessable value, leading to a demand of Rs. 1,60,000. The Tribunal found that the charges were clearly mentioned in the price list, so there was no suppression of facts. The demand was held to be hit by limitation and the appeal was allowed, setting aside the lower orders.