Lakshmikumaran & Sridharan 律师事务所An ISO 9001 / 27001 certified law firm

Central Excise Valuation - Inclusion of value of Designs & Drawings

Date : 16th January 2019

Time : 9:30 am to 01:00 pm

Valuation in Central Excise has always been the subject matter of discussion and litigation and su­cient jurisprudence is available on this. Yet, some issues remain unresolved even today. One such issue is the inclusion of the value of designs and drawings supplied free of cost by the manufacturer of machinery items to various component manufacturers. This has direct relevance to the automobile component manufacturers and more so, in light of the investigation that has been initiated by the Tax Department.

Consequently, it is imperative to understand as to what the Central Excise law provides with respect to inclusion of value of designs and drawings. It is even more important to appreciate as to what can be called a drawing or a design and thereafter, to ascertain its consequences as per the Valuation provisions. Different judicial pronouncements over the decades have deciphered this issue in detail.

To clarify the above issue on valuation, Lakshmikumaran & Sridharan (L&S) in association with Automotive Component Manufacturers Association (ACMA) of India is organizing a seminar on 16th January, 2019.

Mr. V. Lakshmikumaran, Managing Partner, L&S and Mr. B.L. Narasimhan, Principal Partner, L&S would highlight the evolution of the principles of valuation regarding inclusion or otherwise of the value of design/drawings while also discussing consequences thereof. Special focus will be on vendors supplying automobile components and discussion on the landmark judicial precedents till date.

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