https://www.taxtmi.com/caselaws?id=89723 Cost of buyer-supplied dies and fixtures may be included in the assessable value of manufactured goods, but the addition must be made by realistic apportionment linked to the expected life, utility and actual output from those tools. The commentary rejects use of Income-tax depreciation rates for excise valuation because they serve a different purpose and may distort duty assessment. It also notes that valuation should be redetermined on proper principles, with relevant particulars and supporting certificates obtained if necessary, while limitation and penalty objections may be examined separately in accordance with law. en-us Fri, 09 May 1997 00:00:00 +0530 Thu, 29 Sep 2011 12:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89723 Cost of buyer-supplied dies and fixtures may be included in the assessable value of manufactured goods, but the addition must be made by realistic apportionment linked to the expected life, utility and actual output from those tools. The commentary rejects use of Income-tax depreciation rates for excise valuation because they serve a different purpose and may distort duty assessment. It also notes that valuation should be redetermined on proper principles, with relevant particulars and supporting certificates obtained if necessary, while limitation and penalty objections may be examined separately in accordance with law. Case-Laws Central Excise Fri, 09 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89723