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2017 (4) TMI 1217 - AT - Central ExciseValuation - bought-out items such as bolts, nuts, corner plate, locking pin etc. - Department took the view that these bought-out items are essential and integral to the storage systems so assembled at the customers site and therefore their cost is required to be included in the assessable value - Held that: - once these bought out items are used at the customer's site for installation of the storage system, they would become part of the immovable property attached to the ground and hence would not be exigible - value of bought-out items like bolts, nuts, corner plate etc. cannot be included in the assessable value of other manufactured goods cleared by the appellant in terms of section 4 of the Central Excise Act, 1944. Extended period of limitation - Held that: - the said assessee suppressed the fact with intent to evade payment of duty, there has been no attempt or elaboration in the notice to justify such an allegation - extended period and penalty not imposable. Appeal allowed - decided in favor of appellant.
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