TMI Blog2017 (8) TMI 688X X X X Extracts X X X X X X X X Extracts X X X X ..... arantee and exclude that from the assessable value - it is apparent that the same are not extra charges but are included in the value initiated with MSEB. This clearly amounts to misdeclaration - appeal dismissed - decided against appellant. - E/418/2006-Mum - Final Order No. A/85073/2017-WZB/EB - Dated:- 3-1-2017 - Shri Ramesh Nair, Member (J) and Raju, Member (T) Shri A.D. Kambli, Consul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... that extended period has been raised on the strength of a statement recorded, but the copy of the said statement has not been produced to the appellants. He further argued that the guarantee charges are not includible in the assessable value. On a specific inquiry, he clarified that the total price mentioned in the contract with MSEB has been recovered. No separate charge for the guarantee was mad ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t, this is without any authority. 5. In view of the above, the appellants are liable to pay tax on the entire value of the goods recovered by them as per the contract. It is not open to apportion a part of the value to the guarantee and exclude that from the assessable value. We find that the appellants have excluded the value of guarantee without any authority. In the invoice issued by the app ..... X X X X Extracts X X X X X X X X Extracts X X X X
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