Amortised Value of Moulds Includible in Assessable Value as Additional Consideration: CESTAT Chennai

Best Cast IT Limited Vs Commissioner of GST and Central Excise (CESTAT Chennai) In Best Cast IT Limited Vs Commissioner of GST and Central Excise, the Chennai Bench of the CESTAT examined whether the amortised value of moulds and dies supplied by customers or retained by the manufacturer should be included in the assessable value of aluminium die-cast components, and whether extended limitation and penalty were justified. The appellant, engaged in manufacturing aluminium die-cast automotive components, used moulds and dies either supplied free of cost by customers or manufactured as per their ...