https://www.taxtmi.com/caselaws?id=765932 CESTAT NEW DELHI held that specifications, drawings and designs provided by Maruti to the appellant need not be included in assessable value for excise duty. The tribunal determined these did not constitute additional consideration for sale under Central Excise Act, 1944 Section 4(1)(b) and Valuation Rules 2000. For consideration to exist, it must be provided at the desire of the promisor. Here, Maruti became promisee and appellant became promisor only after quotation acceptance. Following precedent in Denso India case involving other Maruti vendors, the tribunal ruled specifications were not includible in assessable value. Appeal allowed. en-us Tue, 11 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765932 CESTAT NEW DELHI held that specifications, drawings and designs provided by Maruti to the appellant need not be included in assessable value for excise duty. The tribunal determined these did not constitute additional consideration for sale under Central Excise Act, 1944 Section 4(1)(b) and Valuation Rules 2000. For consideration to exist, it must be provided at the desire of the promisor. Here, Maruti became promisee and appellant became promisor only after quotation acceptance. Following precedent in Denso India case involving other Maruti vendors, the tribunal ruled specifications were not includible in assessable value. Appeal allowed. Case-Laws Central Excise Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765932