https://www.taxtmi.com/caselaws?id=345080 The Tribunal upheld the Revenue's decision to include product development costs in the assessable value of goods, dismissing the appellant's merger argument. Emphasizing the importance of verifying duty payments on debit notes, the Tribunal stressed compliance with duty obligations. Penalty imposition for duty evasion was upheld due to undervaluation of goods and lack of cooperation, rejecting arguments for penalty immunity. The Tribunal condemned fraudulent practices and obstruction during the investigation, affirming penalty imposition and dismissing appeals against both the manufacturer and director for fraudulent conduct. en-us Tue, 16 May 2017 00:00:00 +0530 Wed, 03 Jan 2018 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345080 The Tribunal upheld the Revenue's decision to include product development costs in the assessable value of goods, dismissing the appellant's merger argument. Emphasizing the importance of verifying duty payments on debit notes, the Tribunal stressed compliance with duty obligations. Penalty imposition for duty evasion was upheld due to undervaluation of goods and lack of cooperation, rejecting arguments for penalty immunity. The Tribunal condemned fraudulent practices and obstruction during the investigation, affirming penalty imposition and dismissing appeals against both the manufacturer and director for fraudulent conduct. Case-Laws Central Excise Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345080