https://www.taxtmi.com/caselaws?id=1952 Valuation under Section 4 of the Central Excise Act, 1944 permits inclusion only of additional consideration flowing directly or indirectly from the buyer to the assessee. Third-party reimbursement of advertisement and sales promotion expenses, where the relationship was found to be commercial and on a principal-to-principal, arm's length basis, was not part of buyer consideration and could not be added to assessable value. The text also notes that, on the facts found, there was no lawful basis to invoke the extended limitation period because the reimbursed amounts were not required to be disclosed as assessable consideration. The demand was therefore unsustainable on both valuation and limitation grounds. en-us Fri, 02 Mar 2007 00:00:00 +0530 Tue, 15 Apr 2008 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1952 Valuation under Section 4 of the Central Excise Act, 1944 permits inclusion only of additional consideration flowing directly or indirectly from the buyer to the assessee. Third-party reimbursement of advertisement and sales promotion expenses, where the relationship was found to be commercial and on a principal-to-principal, arm's length basis, was not part of buyer consideration and could not be added to assessable value. The text also notes that, on the facts found, there was no lawful basis to invoke the extended limitation period because the reimbursed amounts were not required to be disclosed as assessable consideration. The demand was therefore unsustainable on both valuation and limitation grounds. Case-Laws Central Excise Fri, 02 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1952