Transfer of Advance Licence by buyer in favour of seller of goods enabling him to import duty-free raw materials and bring down cost of production/procurement-benefit accrued on this account including in assessable value as per Apex Court judgment in the case of CCE Bhubaneshwar-II Vs. M/s. IFGL Refractories Ltd. https://www.taxtmi.com/circulars?id=116 Transfer of advance licence by a buyer to the seller constitutes additional consideration and must be included in the seller's assessable value; the Supreme Court ratio applies to both old and new formulations of Section 4, and authorities are directed to issue notices and reassess value to protect revenue. en-us Wed, 14 Sep 2005 00:00:00 +0530 Sat, 13 Sep 2008 19:25:00 +0530 TaxTMI RSS Generator Transfer of Advance Licence by buyer in favour of seller of goods enabling him to import duty-free raw materials and bring down cost of production/procurement-benefit accrued on this account including in assessable value as per Apex Court judgment in the case of CCE Bhubaneshwar-II Vs. M/s. IFGL Refractories Ltd. https://www.taxtmi.com/circulars?id=116 Transfer of advance licence by a buyer to the seller constitutes additional consideration and must be included in the seller's assessable value; the Supreme Court ratio applies to both old and new formulations of Section 4, and authorities are directed to issue notices and reassess value to protect revenue. Circulars Central Excise Wed, 14 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/circulars?id=116