https://www.taxtmi.com/caselaws?id=393180 The Tribunal dismissed the Department's appeal, affirming the Commissioner's decision that sponsorship and endorsement expenses by adidas India were not includible in the assessable value under rule 10(1)(e) of the 2007 Rules. The Tribunal found no enforceable obligation compelling these expenses as a condition of sale or to satisfy adidas Germany's obligations. Consequently, the Tribunal also negated the grounds for invoking the extended period of limitation and for confiscation and penalties under the Customs Act, 1962. en-us Thu, 05 Mar 2020 00:00:00 +0530 Wed, 06 Nov 2024 13:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393180 The Tribunal dismissed the Department's appeal, affirming the Commissioner's decision that sponsorship and endorsement expenses by adidas India were not includible in the assessable value under rule 10(1)(e) of the 2007 Rules. The Tribunal found no enforceable obligation compelling these expenses as a condition of sale or to satisfy adidas Germany's obligations. Consequently, the Tribunal also negated the grounds for invoking the extended period of limitation and for confiscation and penalties under the Customs Act, 1962. Case-Laws Customs Thu, 05 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393180