https://www.taxtmi.com/caselaws?id=358648 The Tribunal ruled in favor of the Appellants, a company manufacturing Printed Circuit Boards (PCBs), regarding the inclusion of development charges in the assessable value of PCBs. The Tribunal found that the method of valuation followed by the adjudicating authority, which amortized the development charges over the production period, was in line with previous directions and not challenged earlier. As there was no intent to evade duty or suppression of information, the demands for the extended period and penalties were deemed unsustainable. The penalties imposed on the company's directors were set aside, and the impugned order was modified accordingly. en-us Thu, 22 Mar 2018 00:00:00 +0530 Tue, 17 Apr 2018 06:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358648 The Tribunal ruled in favor of the Appellants, a company manufacturing Printed Circuit Boards (PCBs), regarding the inclusion of development charges in the assessable value of PCBs. The Tribunal found that the method of valuation followed by the adjudicating authority, which amortized the development charges over the production period, was in line with previous directions and not challenged earlier. As there was no intent to evade duty or suppression of information, the demands for the extended period and penalties were deemed unsustainable. The penalties imposed on the company's directors were set aside, and the impugned order was modified accordingly. Case-Laws Central Excise Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358648