https://www.taxtmi.com/caselaws?id=73909 For valuation under Central Excise exemption Notification No. 120/75, the invoice value of bogies must reflect the full commercial value of the complete article cleared. Where wheels and axles are supplied free by the customer, an invoice covering only the bogie excluding those components does not represent that full value. The intrinsic value of the cleared bogie therefore includes the cost of the customer-supplied wheels and axles. As the notification condition was not met, those component costs remain includible in assessable value, supporting differential central excise duty. en-us Mon, 05 Sep 1988 00:00:00 +0530 Sat, 04 Jun 2011 13:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73909 For valuation under Central Excise exemption Notification No. 120/75, the invoice value of bogies must reflect the full commercial value of the complete article cleared. Where wheels and axles are supplied free by the customer, an invoice covering only the bogie excluding those components does not represent that full value. The intrinsic value of the cleared bogie therefore includes the cost of the customer-supplied wheels and axles. As the notification condition was not met, those component costs remain includible in assessable value, supporting differential central excise duty. Case-Laws Central Excise Mon, 05 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73909