https://www.taxtmi.com/caselaws?id=255565 Engineering, design and drawing charges borne by buyers and essential to manufacturing excisable goods form part of assessable value, even where supplied free of cost and not directly paid by the manufacturer. Their contractual connection to production makes them value attributable to manufacture under valuation rules. Extended limitation cannot be invoked merely because those charges were excluded where the dispute involves a bona fide interpretation of valuation rules and there is no deliberate suppression or intent to evade duty. Consequently, demand for the extended period and related penalty cannot be sustained, although the valuation treatment remains adverse to the assessee. en-us Thu, 12 Jun 2014 00:00:00 +0530 Thu, 18 Jun 2015 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255565 Engineering, design and drawing charges borne by buyers and essential to manufacturing excisable goods form part of assessable value, even where supplied free of cost and not directly paid by the manufacturer. Their contractual connection to production makes them value attributable to manufacture under valuation rules. Extended limitation cannot be invoked merely because those charges were excluded where the dispute involves a bona fide interpretation of valuation rules and there is no deliberate suppression or intent to evade duty. Consequently, demand for the extended period and related penalty cannot be sustained, although the valuation treatment remains adverse to the assessee. Case-Laws Central Excise Thu, 12 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255565