https://www.taxtmi.com/caselaws?id=47288 The SC upheld the Tribunal's decision, excluding advertisement expenses from the assessable value of the respondent-assessee's products. It ruled that the marketing agent and the assessee were not "related persons" under Section 4 of the Central Excises and Salt Act, 1944. The Court found that the agreement allowed discretionary advertising by the marketing agent, lacking an enforceable legal obligation for the assessee to demand such expenses. Consequently, the Revenue's appeal was dismissed, affirming the exclusion of advertisement costs from the assessable value. en-us Wed, 09 Mar 2005 00:00:00 +0530 Thu, 14 Nov 2024 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47288 The SC upheld the Tribunal's decision, excluding advertisement expenses from the assessable value of the respondent-assessee's products. It ruled that the marketing agent and the assessee were not "related persons" under Section 4 of the Central Excises and Salt Act, 1944. The Court found that the agreement allowed discretionary advertising by the marketing agent, lacking an enforceable legal obligation for the assessee to demand such expenses. Consequently, the Revenue's appeal was dismissed, affirming the exclusion of advertisement costs from the assessable value. Case-Laws Central Excise Wed, 09 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47288