https://www.taxtmi.com/caselaws?id=373496 The Tribunal upheld the order passed by the Commissioner of Central Excise (Appeals), Mumbai-II, confirming the demand for recovery of duty, interest, and penalty. The case involved whether the surrendered value of advance licenses should be added to the assessable value of goods sold, with the Tribunal relying on Supreme Court precedents in IFGL Refractories Ltd. and Indorama Synthetics to support including surrendered license value in the price of goods. The appeal was dismissed as the Tribunal found the issue had been settled by previous Supreme Court decisions, leading to the rejection of the appellant's arguments. en-us Mon, 26 Nov 2018 00:00:00 +0530 Tue, 15 Jan 2019 11:17:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373496 The Tribunal upheld the order passed by the Commissioner of Central Excise (Appeals), Mumbai-II, confirming the demand for recovery of duty, interest, and penalty. The case involved whether the surrendered value of advance licenses should be added to the assessable value of goods sold, with the Tribunal relying on Supreme Court precedents in IFGL Refractories Ltd. and Indorama Synthetics to support including surrendered license value in the price of goods. The appeal was dismissed as the Tribunal found the issue had been settled by previous Supreme Court decisions, leading to the rejection of the appellant's arguments. Case-Laws Central Excise Mon, 26 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373496