https://www.taxtmi.com/caselaws?id=91087 Where trailers are cleared as complete goods with tyres, the tyre value forms part of the assessable value for central excise purposes and is liable to duty. The commentary also notes that a modest penalty for non-declaration of tyres in the price list was upheld, as it was not considered excessive in the circumstances. The subject matter therefore turns on composite valuation of goods cleared together and the limited interference with a small penalty where no excessiveness is shown. en-us Wed, 16 Jul 1997 00:00:00 +0530 Thu, 13 Oct 2011 16:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91087 Where trailers are cleared as complete goods with tyres, the tyre value forms part of the assessable value for central excise purposes and is liable to duty. The commentary also notes that a modest penalty for non-declaration of tyres in the price list was upheld, as it was not considered excessive in the circumstances. The subject matter therefore turns on composite valuation of goods cleared together and the limited interference with a small penalty where no excessiveness is shown. Case-Laws Central Excise Wed, 16 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91087