https://www.taxtmi.com/caselaws?id=88770 Only items shown to be essential and integral parts of the rotary drilling rig may be included in assessable value. Kelly, weight indicator and rotary table were treated as integral components under the contract and specification schedule, so their value was includible. Imported fast-moving spares were separately identified and not shown to be essential parts of the rig, so their value was excluded. Operating equipment and accessories were separately valued, but their inclusion required fresh examination of whether they were integral or merely optional; that question was remitted for reconsideration. The governing principle is that separately valued items need independent justification before being added to assessable value. en-us Mon, 23 Feb 1998 00:00:00 +0530 Wed, 21 Sep 2011 11:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88770 Only items shown to be essential and integral parts of the rotary drilling rig may be included in assessable value. Kelly, weight indicator and rotary table were treated as integral components under the contract and specification schedule, so their value was includible. Imported fast-moving spares were separately identified and not shown to be essential parts of the rig, so their value was excluded. Operating equipment and accessories were separately valued, but their inclusion required fresh examination of whether they were integral or merely optional; that question was remitted for reconsideration. The governing principle is that separately valued items need independent justification before being added to assessable value. Case-Laws Central Excise Mon, 23 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88770