2020 (3) TMI 833

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..... sh Kumar Agarwal, Authorized Representative for Respondent ORDER ARCHANA WADHWA Nobody is present on behalf of the appellant in spite of the matter having been fixed well in advance. It is also seen that the appellants were either unrepresented or sought adjournments on the previous dates. Accordingly, we have heard learned A.R. and have gone through the impugned order. 2. As per facts on reco .....

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..... d goods, includible in assessable value - Proposition that such inclusion need not be made when after successive income tax depreciation cost of the moulds become zero, not acceptable - Such depreciation is a matter between assessee and Income-tax Department and it cannot affect excise valuation - Section 4 of Central Excise Act, 1944 - Rule 5 of Central Excise (Valuation) Rules, 1975." Further r .....

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..... of the Tribunal in 2000 itself. The appellant being manufacturer of motor vehicles part is expected to be aware of the said judgment laying down that the cost of the tools has to be included in the assessable value of the parts. As such, we find no infirmity in the invocation of the longer period of limitation. In view of the forgoing, appeal is rejected. (Dictated and Pronounced in open Court)< .....

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