2002 (3) TMI 870 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai ruled in favor of the appellant in a case involving waiver of deposit of duty and penalties. The appellant, engaged in manufacturing automobile components, was reimbursed by TELCO for costs incurred in developing moulds. The Tribunal held that these amounts constitute consideration towards the supply of goods and should be included in the assessable value. The Tribunal waived the duty and penalties imposed on the appellants.