https://www.taxtmi.com/caselaws?id=52241 Free-supplied moulds and dies are includible in the assessable value of moulded goods on an amortised basis, but the amortisation must be worked out with reference to the mould's expected life and capability and in line with binding valuation guidelines. The adjudicating authority's valuation was found incomplete because it did not properly consider admissible Cost Accountant certificates for several moulds, so the duty demand based on that valuation was set aside to that extent for fresh determination. The extended limitation period was upheld because the assessee did not disclose the free-supplied moulds and dies in its declaration. Interest followed from suppression, while penalty was kept for fresh quantification after recomputation of duty. en-us Tue, 17 Jun 2003 00:00:00 +0530 Mon, 04 Oct 2010 13:28:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52241 Free-supplied moulds and dies are includible in the assessable value of moulded goods on an amortised basis, but the amortisation must be worked out with reference to the mould's expected life and capability and in line with binding valuation guidelines. The adjudicating authority's valuation was found incomplete because it did not properly consider admissible Cost Accountant certificates for several moulds, so the duty demand based on that valuation was set aside to that extent for fresh determination. The extended limitation period was upheld because the assessee did not disclose the free-supplied moulds and dies in its declaration. Interest followed from suppression, while penalty was kept for fresh quantification after recomputation of duty. Case-Laws Central Excise Tue, 17 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52241