https://www.taxtmi.com/caselaws?id=86860 Declared assessable value of ammonia compressors could not be rejected on the grounds alleged in the notice, because the undervaluation theory based on shifting value to exempt fittings and accessories was not sustained. The alternative costing method was also unreliable: it relied on limited later records, produced the same average price across years despite changing raw material and labour costs, and ignored the commercial reality that components and spare parts are normally priced higher. The authority also failed to verify the assessee's claim that many compressors were sold at the same price whether or not accessories were purchased. On these facts, the duty demand failed and the penalty could not be sustained. en-us Wed, 25 Jun 1997 00:00:00 +0530 Sat, 27 Aug 2011 18:05:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86860 Declared assessable value of ammonia compressors could not be rejected on the grounds alleged in the notice, because the undervaluation theory based on shifting value to exempt fittings and accessories was not sustained. The alternative costing method was also unreliable: it relied on limited later records, produced the same average price across years despite changing raw material and labour costs, and ignored the commercial reality that components and spare parts are normally priced higher. The authority also failed to verify the assessee's claim that many compressors were sold at the same price whether or not accessories were purchased. On these facts, the duty demand failed and the penalty could not be sustained. Case-Laws Central Excise Wed, 25 Jun 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86860