https://www.taxtmi.com/caselaws?id=88173 Bought-out items such as dust caps, hex nuts and ring washers were treated as component parts of the valves, so their value formed part of the assessable value of the finished goods. Their includibility did not depend on whether they were fitted at the time of clearance or cleared separately, because their character as components remained unchanged. The assessee's challenge therefore failed, and the department's appeal succeeded. en-us Fri, 27 Feb 1998 00:00:00 +0530 Thu, 15 Sep 2011 16:09:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88173 Bought-out items such as dust caps, hex nuts and ring washers were treated as component parts of the valves, so their value formed part of the assessable value of the finished goods. Their includibility did not depend on whether they were fitted at the time of clearance or cleared separately, because their character as components remained unchanged. The assessee's challenge therefore failed, and the department's appeal succeeded. Case-Laws Central Excise Fri, 27 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88173