https://www.taxtmi.com/caselaws?id=360893 The Tribunal ruled in favor of the appellant, holding that the inclusion of depreciation on technical know-how and royalty paid to directors in the assessable value of goods was not warranted. Citing legal precedents emphasizing proper amortization and valuation principles, the Tribunal found the demand for Central Excise duty on these charges unsustainable. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, in accordance with the law. The decision highlighted the significance of accurate amortization and calculation of duty demands in such cases, providing relief to the appellant. en-us Wed, 23 May 2018 00:00:00 +0530 Fri, 25 May 2018 06:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360893 The Tribunal ruled in favor of the appellant, holding that the inclusion of depreciation on technical know-how and royalty paid to directors in the assessable value of goods was not warranted. Citing legal precedents emphasizing proper amortization and valuation principles, the Tribunal found the demand for Central Excise duty on these charges unsustainable. Consequently, the impugned order was set aside, and the appeal was allowed with consequential relief, if any, in accordance with the law. The decision highlighted the significance of accurate amortization and calculation of duty demands in such cases, providing relief to the appellant. Case-Laws Central Excise Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360893