Appellate Tribunal rules advertising expenses excluded from assessable value

The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellant, Hercules Hoists Ltd., stating that advertising expenses should not be included in the assessable value. The appeal was allowed, setting aside the impugned order with consequential relief, citing the Supreme Court case of Philips India Ltd v. CCE in support.

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The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellant, Hercules Hoists Ltd., stating that expenses incurred by Batliboi & Co. Ltd. in advertising the hoists should not be included in the assessable value. The judgment cited the Supreme Court case of Philips India Ltd v. CCE to support this decision. The appeal was allowed, and the impugned order was set aside with consequential relief.

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