https://www.taxtmi.com/caselaws?id=209543 The Tribunal set aside the demand of differential duty, penalty, and interest imposed on M/s. Group Pharmaceuticals under Section 11AC of the Central Excise Act, 1944. The Tribunal held that the inclusion of technical know-how value in the assessable value of goods was not valid as there was no reliable method to determine its value for specific preparations. Additionally, the invocation of the extended period of limitation was deemed unjustified as the assessee had promptly informed the department about revised prices. The Tribunal concluded that the demand was unsustainable due to the absence of a computation mechanism for the value of technical know-how. en-us Tue, 29 Mar 2011 00:00:00 +0530 Mon, 15 Jul 2013 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209543 The Tribunal set aside the demand of differential duty, penalty, and interest imposed on M/s. Group Pharmaceuticals under Section 11AC of the Central Excise Act, 1944. The Tribunal held that the inclusion of technical know-how value in the assessable value of goods was not valid as there was no reliable method to determine its value for specific preparations. Additionally, the invocation of the extended period of limitation was deemed unjustified as the assessee had promptly informed the department about revised prices. The Tribunal concluded that the demand was unsustainable due to the absence of a computation mechanism for the value of technical know-how. Case-Laws Central Excise Tue, 29 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209543