The SC held that the resultant steam-generating plant, assembled...

The SC held that the resultant steam-generating plant, assembled on site from CKD consignments and bought-out items, constitutes an immovable product and therefore does not qualify as "excisable goods" under the Central Excise Act, 1944. Consequently, the value of duty-paid bought-out items delivered directly to the buyer's site cannot be included in the assessable value of the boiler cleared from the factory. The SC further held that the proviso to Section 11A(1) was inapplicable as there was no evidence of wilful misstatement, suppression or intent to evade duty, rendering the show-cause notice issued under the extended period invalid. Appeal allowed; impugned notice quashed.