https://www.taxtmi.com/caselaws?id=359914 The Tribunal held that running royalty is includible in the assessable value of goods cleared by M/S KCSSL as it pertains to technical know-how transfer for manufacturing processes, not brand or IPR value. The invocation of the extended period of limitation was rejected due to undisputed CENVAT Credit entitlement. The penalty under Section 11AC was annulled for lack of evidence of suppression. The duty payment issue was directed for re-verification. The Tribunal clarified that no redemption fine can be imposed on unavailable goods, leading to the setting aside of the redemption fine. en-us Fri, 13 Apr 2018 00:00:00 +0530 Fri, 04 May 2018 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359914 The Tribunal held that running royalty is includible in the assessable value of goods cleared by M/S KCSSL as it pertains to technical know-how transfer for manufacturing processes, not brand or IPR value. The invocation of the extended period of limitation was rejected due to undisputed CENVAT Credit entitlement. The penalty under Section 11AC was annulled for lack of evidence of suppression. The duty payment issue was directed for re-verification. The Tribunal clarified that no redemption fine can be imposed on unavailable goods, leading to the setting aside of the redemption fine. Case-Laws Central Excise Fri, 13 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359914