https://www.taxtmi.com/caselaws?id=86293 For valuation under section 4, goods are assessed in the condition in which they are cleared, so the value of tyres and tubes fitted to a trailer bucket at clearance was properly included in the assessable value because the bucket could not move from the factory without them. The duty demand was therefore sustained. On penalty, the small scale of manufacture and the surrounding circumstances justified reduction of the original penalty, so it was cut from Rs. 15,000 to Rs. 5,000, giving only partial relief. en-us Fri, 22 Nov 1996 00:00:00 +0530 Tue, 23 Aug 2011 17:25:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86293 For valuation under section 4, goods are assessed in the condition in which they are cleared, so the value of tyres and tubes fitted to a trailer bucket at clearance was properly included in the assessable value because the bucket could not move from the factory without them. The duty demand was therefore sustained. On penalty, the small scale of manufacture and the surrounding circumstances justified reduction of the original penalty, so it was cut from Rs. 15,000 to Rs. 5,000, giving only partial relief. Case-Laws Central Excise Fri, 22 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86293