Central Excise - Assessable value - Determination of - When additional consideration is received by the manufacturer - CEGAT decision no. 440/87-B.1 - Regarding
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Additional consideration in assessable value: duty payable on declared value plus any extra payments, per tribunal and board. When a manufacturer receives additional payments not included in the declared price, those sums are additions to the transaction value and must be included in the assessable value for central excise. The tribunal's ratio that duty is payable on the declared assessable value plus such additional money has been accepted by the Board, which directs field formations to issue show cause notices where necessary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Additional consideration in assessable value: duty payable on declared value plus any extra payments, per tribunal and board.
When a manufacturer receives additional payments not included in the declared price, those sums are additions to the transaction value and must be included in the assessable value for central excise. The tribunal's ratio that duty is payable on the declared assessable value plus such additional money has been accepted by the Board, which directs field formations to issue show cause notices where necessary.
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