https://www.taxtmi.com/caselaws?id=72874 In valuing mono-bloc pump-sets, the intrinsic value of the finished goods includes the cost of components, but duty on an electric motor or similar component cannot be added where an exemption notification grants set-off and no duty element was retained from customers. Only duty actually retained by the assessee can be treated as part of the price realisation and recovered to that extent, subject to the applicable limitation period. Where clearances were made under approved classification and price lists, Rule 9(2) was inapplicable. The matter was remanded to verify whether any duty had in fact been retained. en-us Wed, 15 Apr 1987 00:00:00 +0530 Wed, 25 May 2011 15:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72874 In valuing mono-bloc pump-sets, the intrinsic value of the finished goods includes the cost of components, but duty on an electric motor or similar component cannot be added where an exemption notification grants set-off and no duty element was retained from customers. Only duty actually retained by the assessee can be treated as part of the price realisation and recovered to that extent, subject to the applicable limitation period. Where clearances were made under approved classification and price lists, Rule 9(2) was inapplicable. The matter was remanded to verify whether any duty had in fact been retained. Case-Laws Central Excise Wed, 15 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72874