https://www.taxtmi.com/caselaws?id=764667 CESTAT Chandigarh allowed the appeal regarding valuation of central excise duty on parts and components. The Tribunal held that notional cost of drawings and designs supplied free of cost by the principal manufacturer to vendors cannot be included in the assessable value for central excise duty purposes. Following the Division Bench decision in Denso India case, CESTAT ruled that such inclusion violates provisions under Section 4 of Central Excise Act and Central Excise Valuation Rules, 2002. The impugned orders were set aside as unsustainable in law. en-us Wed, 08 Jan 2025 00:00:00 +0530 Wed, 15 Jan 2025 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764667 CESTAT Chandigarh allowed the appeal regarding valuation of central excise duty on parts and components. The Tribunal held that notional cost of drawings and designs supplied free of cost by the principal manufacturer to vendors cannot be included in the assessable value for central excise duty purposes. Following the Division Bench decision in Denso India case, CESTAT ruled that such inclusion violates provisions under Section 4 of Central Excise Act and Central Excise Valuation Rules, 2002. The impugned orders were set aside as unsustainable in law. Case-Laws Central Excise Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764667