Assessable value of tractors excludes optional accessories supplied to specific buyers, as they were not component parts.

Bought-out items supplied only to specific buyers were treated as optional accessories, not component parts of tractors. Mudguard Seat and Roof Canopy were found not to form part of the tractor, and Coupling Mouth and Coupling Bolt were intended to connect a trailer rather than constitute tractor components. On that basis, their value was excluded from the assessable value of tractors, and the assessee succeeded.

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Issues: Whether the value of Mudguard Seat, Roof Canopy, Coupling Mouth and Coupling Bolt supplied with tractors at the request of specific buyers was includible in the assessable value of tractors.

Analysis: The disputed items were bought-out goods supplied only to some purchasers and were not shown to be component parts of the tractor. The material on record indicated that Mudguard Seat and Roof Canopy were not component parts, and the Coupling Mouth and Coupling Bolt were meant to connect a trailer, which itself was not a component part of a tractor. The supplies were found to be optional accessories, and their clearances were tied to specific buyers rather than forming an inseparable part of tractor sales.

Conclusion: The value of the disputed items was not includible in the assessable value of tractors, and the assessee succeeded.

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