2002 (3) TMI 870

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..... r the Respondent. [Order per : Gowri Shankar, Member (T)]. The applications are for waiver of deposit of duty of Rs. 1.53 crore and equal penalty on the assessee and penalty of Rs. 25 lakhs on Indru G. Advani, the assessee s executive director. 2. The assessee was engaged in the manufacture and supply of automobile components of plastic to Tata Engineering and Locomotive Co. Ltd. (TELC .....

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..... ed to that buyer constitute consideration towards the supply of those goods and these are therefore liable to be included in the assessable value of such goods. Amortisation is a method of including these additional costs in that value. Each mould has a specific life. The additional consideration therefore would form part of the price of the total number of these components made by using the mould .....

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