https://www.taxtmi.com/caselaws?id=798152 Buyer-funded tooling constitutes additional consideration only to the extent of the proportionate amortised value attributable to finished goods. Assessable value should reflect the tool's expected life, production capability and quantity of goods manufactured, rather than the entire tooling advance upon receipt. Reliable tooling, production, invoice and payment records may substantiate the amortisation method; a Cost Accountant's certificate is not an indispensable statutory requirement. Extended limitation requires deliberate suppression, misstatement or withholding of material information with intent to evade duty. Prior disclosure during audit, bona fide valuation methodology, revenue neutrality and duty payment on amortised cost preclude extended limitation, consequential interest and penalty. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798152 Buyer-funded tooling constitutes additional consideration only to the extent of the proportionate amortised value attributable to finished goods. Assessable value should reflect the tool's expected life, production capability and quantity of goods manufactured, rather than the entire tooling advance upon receipt. Reliable tooling, production, invoice and payment records may substantiate the amortisation method; a Cost Accountant's certificate is not an indispensable statutory requirement. Extended limitation requires deliberate suppression, misstatement or withholding of material information with intent to evade duty. Prior disclosure during audit, bona fide valuation methodology, revenue neutrality and duty payment on amortised cost preclude extended limitation, consequential interest and penalty. Case-Laws Central Excise Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798152