Investigations regarding inclusion of value of drawings and designs in assessable value of goods for payment of excise duty

Dear Reader,

This is to update you on a recent ruling of the Authority on Advance Rulings in Karnataka (‘AAR’) in the case of Nash Industries (I) Private Limited, 2018-VIL-266-AAR. The AAR has held that tool amortisation cost (dies and moulds supplied by vehicle manufacturer to component manufacturer on free of cost (‘FOC’) basis) shall be included in the value of components under Section 15 of the Central Goods and Services Tax Act, 2017 (‘CGST Act’).

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Issue-2-I-Investigations-regarding-inclusion-of-value-of-drawings-and-designs-in-assessable-value-of-goods-for-payment-of-excise-duty-I-December-13-2018