https://www.taxtmi.com/caselaws?id=218343 Royalty paid under a technical collaboration agreement is includible in the assessable value of captively consumed lift components only to the extent it relates to manufacturing activity; amounts tied to sales, installation or service must be excluded from the cost computation. Where such royalty was not disclosed to the department and surfaced only during audit, the non-disclosure supported invocation of the extended period of limitation and imposition of penalty. Assessable value, duty, interest and penalty therefore require fresh quantification after limiting royalty inclusion to the manufacturing component alone. en-us Fri, 17 Feb 2012 00:00:00 +0530 Sat, 06 Oct 2012 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218343 Royalty paid under a technical collaboration agreement is includible in the assessable value of captively consumed lift components only to the extent it relates to manufacturing activity; amounts tied to sales, installation or service must be excluded from the cost computation. Where such royalty was not disclosed to the department and surfaced only during audit, the non-disclosure supported invocation of the extended period of limitation and imposition of penalty. Assessable value, duty, interest and penalty therefore require fresh quantification after limiting royalty inclusion to the manufacturing component alone. Case-Laws Central Excise Fri, 17 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218343