https://www.taxtmi.com/caselaws?id=108775 Tooling cost was treated as part of the assessable value of finished goods, but apportionment had to follow the expected life and productive capability of the tools rather than a simple depreciation method; the assessee succeeded on this point. A duty demand based on shortages of components not entered in the RG-I register was sustained only to the extent of the proved shortage, with the balance disallowed. Penalty and confiscation were examined on the factual record: the company's penalty was reduced, the director's penalty was set aside for want of adjudicatory findings on his role, and confiscation of land, building, plant and machinery was not sustained. en-us Thu, 12 Dec 2002 00:00:00 +0530 Tue, 03 Apr 2012 18:01:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=108775 Tooling cost was treated as part of the assessable value of finished goods, but apportionment had to follow the expected life and productive capability of the tools rather than a simple depreciation method; the assessee succeeded on this point. A duty demand based on shortages of components not entered in the RG-I register was sustained only to the extent of the proved shortage, with the balance disallowed. Penalty and confiscation were examined on the factual record: the company's penalty was reduced, the director's penalty was set aside for want of adjudicatory findings on his role, and confiscation of land, building, plant and machinery was not sustained. Case-Laws Central Excise Thu, 12 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=108775