https://www.taxtmi.com/caselaws?id=754568 CESTAT Chennai held that tools supplied free by buyer-customers must be included in assessable value through amortization under CVR 2000, as the finished goods price would have been higher without customer-supplied tools. The tribunal rejected double taxation claims, noting this involves different products rather than the same excisable goods. Notification 67/95 CE exemption was granted for tools regardless of ownership, reducing amortized value. Extended limitation period was rejected due to absence of intentional suppression, as the valuation issue was complex. Matter remanded for re-quantification of duty demand for normal limitation period only. en-us Tue, 25 Jun 2024 00:00:00 +0530 Wed, 26 Jun 2024 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754568 CESTAT Chennai held that tools supplied free by buyer-customers must be included in assessable value through amortization under CVR 2000, as the finished goods price would have been higher without customer-supplied tools. The tribunal rejected double taxation claims, noting this involves different products rather than the same excisable goods. Notification 67/95 CE exemption was granted for tools regardless of ownership, reducing amortized value. Extended limitation period was rejected due to absence of intentional suppression, as the valuation issue was complex. Matter remanded for re-quantification of duty demand for normal limitation period only. Case-Laws Central Excise Tue, 25 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754568