2002 (3) TMI 870

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.... the Appellant. Shri A. Chopra, JDR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. -  The applications are for waiver of deposit of duty of Rs. 1.53 crore and equal penalty on the assessee and penalty of Rs. 25 lakhs on Indru G. Advani, the assessee's executive director. 2. The assessee was engaged in the manufacture and supply of automobile components of plast....

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....sary for manufacture of articles which the assessee supplied to that buyer constitute consideration towards the supply of those goods and these are therefore liable to be included in the assessable value of such goods. Amortisation is a method of including these additional costs in that value. Each mould has a specific life. The additional consideration therefore would form part of the price of th....