https://www.taxtmi.com/caselaws?id=170070 Tooling advance received from the buyer was treated as consideration linked to the supply of finished automobile seats, so it remained includible in the assessable value even though it was used through vendors to develop tools and moulds. The amortised cost of those tools and moulds was also includible because the buyer-funded development reduced the manufacturer's cost and enhanced the value of the finished seats. A wrong statutory reference in the show cause notice did not invalidate the demand where the levy was otherwise traceable to the correct valuation framework. The demand, interest and penalty were sustained. en-us Tue, 03 Dec 2013 00:00:00 +0530 Thu, 14 May 2015 17:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170070 Tooling advance received from the buyer was treated as consideration linked to the supply of finished automobile seats, so it remained includible in the assessable value even though it was used through vendors to develop tools and moulds. The amortised cost of those tools and moulds was also includible because the buyer-funded development reduced the manufacturer's cost and enhanced the value of the finished seats. A wrong statutory reference in the show cause notice did not invalidate the demand where the levy was otherwise traceable to the correct valuation framework. The demand, interest and penalty were sustained. Case-Laws Central Excise Tue, 03 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170070