https://www.taxtmi.com/caselaws?id=118690 The proportionate cost of moulds or tooling supplied free by customers was held includible in the assessable value of the weather strips manufactured, so the duty demand was sustained. However, because the assessee acted under a bona fide belief that such tooling cost need not be included and the relevant period involved conflicting judicial views, the Tribunal held that interest and penalties were not justified. The result was that the valuation addition and duty liability remained, but the punitive and interest components were set aside. en-us Fri, 28 Jan 2005 00:00:00 +0530 Thu, 05 Jul 2012 11:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118690 The proportionate cost of moulds or tooling supplied free by customers was held includible in the assessable value of the weather strips manufactured, so the duty demand was sustained. However, because the assessee acted under a bona fide belief that such tooling cost need not be included and the relevant period involved conflicting judicial views, the Tribunal held that interest and penalties were not justified. The result was that the valuation addition and duty liability remained, but the punitive and interest components were set aside. Case-Laws Central Excise Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118690