https://www.taxtmi.com/caselaws?id=356307 The Tribunal ruled in favor of the appellant, stating that only the amortized cost of the tooling should be added to the assessable value of automobile components, not the total cost as demanded by the Adjudicating Authority. The case was remanded to the Adjudicating Authority for a re-determination of the demand based on the amortized cost in relation to the actual usage of the tooling by the appellant. This decision aimed to prevent double taxation and ensure a fair assessment of duty, allowing for a proper calculation of the duty amount in line with the law and the case's circumstances. en-us Thu, 18 Jan 2018 00:00:00 +0530 Wed, 13 Mar 2019 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356307 The Tribunal ruled in favor of the appellant, stating that only the amortized cost of the tooling should be added to the assessable value of automobile components, not the total cost as demanded by the Adjudicating Authority. The case was remanded to the Adjudicating Authority for a re-determination of the demand based on the amortized cost in relation to the actual usage of the tooling by the appellant. This decision aimed to prevent double taxation and ensure a fair assessment of duty, allowing for a proper calculation of the duty amount in line with the law and the case's circumstances. Case-Laws Central Excise Thu, 18 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356307