https://www.taxtmi.com/caselaws?id=273097 Additional charges recovered from customers towards tools and dies were held includible in the assessable value of the final products on an amortised basis, as the Tribunal followed settled precedent treating the proportionate cost as part of valuation. The Tribunal also found penalty sustainable because the assessee did not produce material to show disclosure of these recoveries to the Revenue; the omission was treated as suppression of material facts. Accordingly, both the valuation objection and the penalty challenge failed, and the impugned order was sustained in full. en-us Mon, 11 Sep 2017 00:00:00 +0530 Tue, 18 Apr 2023 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273097 Additional charges recovered from customers towards tools and dies were held includible in the assessable value of the final products on an amortised basis, as the Tribunal followed settled precedent treating the proportionate cost as part of valuation. The Tribunal also found penalty sustainable because the assessee did not produce material to show disclosure of these recoveries to the Revenue; the omission was treated as suppression of material facts. Accordingly, both the valuation objection and the penalty challenge failed, and the impugned order was sustained in full. Case-Laws Central Excise Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273097