https://www.taxtmi.com/caselaws?id=437576 Technical know-how, secret processes and confidential information supplied by the buyer for consideration formed part of the manufacturing cost and had to be included in the assessable value of the medicament, so the duty demand was sustained for undervaluation and short payment of duty. Penalty under Rule 209A could not be imposed on a company because that provision applies to acts attributable to a natural person, and a juristic entity falls outside its scope. The penalty on the company was therefore set aside, while the valuation-based duty demand remained upheld. en-us Mon, 01 May 2023 00:00:00 +0530 Wed, 10 May 2023 08:46:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437576 Technical know-how, secret processes and confidential information supplied by the buyer for consideration formed part of the manufacturing cost and had to be included in the assessable value of the medicament, so the duty demand was sustained for undervaluation and short payment of duty. Penalty under Rule 209A could not be imposed on a company because that provision applies to acts attributable to a natural person, and a juristic entity falls outside its scope. The penalty on the company was therefore set aside, while the valuation-based duty demand remained upheld. Case-Laws Central Excise Mon, 01 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437576