https://www.taxtmi.com/caselaws?id=117411 The Appellate Tribunal CESTAT, Mumbai, held that pattern development charges and die development charges should be included in the assessable value of castings based on a CBEC Circular, despite arguments against their inclusion. The Tribunal also found the imposition of penalties justified due to non-disclosure of these charges, but reduced the penalties in both appeals. Appeal No. E/3389/02 saw the penalty reduced from Rs. 98,851 to Rs. 10,000, and in Appeal No. E/363/02, the penalty was reduced from Rs. 1,000 to Rs. 500. The appeals were partly allowed on these grounds. en-us Mon, 31 Jan 2005 00:00:00 +0530 Fri, 22 Jun 2012 15:04:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117411 The Appellate Tribunal CESTAT, Mumbai, held that pattern development charges and die development charges should be included in the assessable value of castings based on a CBEC Circular, despite arguments against their inclusion. The Tribunal also found the imposition of penalties justified due to non-disclosure of these charges, but reduced the penalties in both appeals. Appeal No. E/3389/02 saw the penalty reduced from Rs. 98,851 to Rs. 10,000, and in Appeal No. E/363/02, the penalty was reduced from Rs. 1,000 to Rs. 500. The appeals were partly allowed on these grounds. Case-Laws Central Excise Mon, 31 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117411