https://www.taxtmi.com/caselaws?id=54632 The Appellate Tribunal CESTAT, Mumbai, set aside a duty demand of Rs. 45,77,673/- against the appellants for including the value of free items supplied by M/s. BEML in the assessable value of goods. The penalty imposed was revoked, and the appellant's assets were no longer subject to confiscation. The Tribunal relied on the Apex Court's decision, distinguishing previous cases and affirming manufacturers' rights to adjust credits on inputs supplied to intermediate purchasers. The judgment clarified the liability of intermediate purchasers regarding duty payment on inputs and disallowed adding input values to the assessable value of final products. en-us Wed, 23 Nov 2005 00:00:00 +0530 Wed, 04 Nov 2015 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54632 The Appellate Tribunal CESTAT, Mumbai, set aside a duty demand of Rs. 45,77,673/- against the appellants for including the value of free items supplied by M/s. BEML in the assessable value of goods. The penalty imposed was revoked, and the appellant's assets were no longer subject to confiscation. The Tribunal relied on the Apex Court's decision, distinguishing previous cases and affirming manufacturers' rights to adjust credits on inputs supplied to intermediate purchasers. The judgment clarified the liability of intermediate purchasers regarding duty payment on inputs and disallowed adding input values to the assessable value of final products. Case-Laws Central Excise Wed, 23 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54632