https://www.taxtmi.com/caselaws?id=370397 The Tribunal ruled in favor of the appellant, holding that the ownership of the moulds used in manufacturing processes belonged to the appellant, not the buyers. As there was no evidence proving the moulds were owned by the buyers, the demand to include the prices from the sale of moulds in the assessable value of goods cleared by the appellant was set aside. The Tribunal also canceled the penalty imposed, as the appellant admitted liability and paid the duty for the period of using the moulds after selling them to a buyer. en-us Wed, 14 Nov 2018 00:00:00 +0530 Sat, 17 Nov 2018 07:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370397 The Tribunal ruled in favor of the appellant, holding that the ownership of the moulds used in manufacturing processes belonged to the appellant, not the buyers. As there was no evidence proving the moulds were owned by the buyers, the demand to include the prices from the sale of moulds in the assessable value of goods cleared by the appellant was set aside. The Tribunal also canceled the penalty imposed, as the appellant admitted liability and paid the duty for the period of using the moulds after selling them to a buyer. Case-Laws Central Excise Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370397