https://www.taxtmi.com/caselaws?id=73909 Under excise valuation principles, the assessable value of bogies cleared under Notification No. 120/75 had to reflect the full commercial price of the article as manufactured and cleared. Where the customer supplied wheels and axles free of cost, the invoice covered only the bogie minus those components, so the invoice value did not represent the complete intrinsic value of the goods. On that basis, the cost of the free-supplied wheels and axles remained includible in assessable value, and the differential central excise duty was correctly upheld. 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 Under excise valuation principles, the assessable value of bogies cleared under Notification No. 120/75 had to reflect the full commercial price of the article as manufactured and cleared. Where the customer supplied wheels and axles free of cost, the invoice covered only the bogie minus those components, so the invoice value did not represent the complete intrinsic value of the goods. On that basis, the cost of the free-supplied wheels and axles remained includible in assessable value, and the differential central excise duty was correctly upheld. Case-Laws Central Excise Mon, 05 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73909