https://www.taxtmi.com/caselaws?id=92016 Imported goods assembled in the shape of finished spectacle frames, with screws already fitted, were treated as spectacle frames rather than mere parts because only minor further work was needed for marketability. On that basis, the exemption under Notification No. 204/92 was unavailable and confiscation was sustained. Re-export was also refused because a later supplier's letter did not alter the goods' physical character at the time of import. The valuation basis for redemption fine and penalty, however, was not adequately supported, so the monetary consequences were moderated to lower figures. en-us Fri, 06 Feb 1998 00:00:00 +0530 Sat, 22 Oct 2011 15:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92016 Imported goods assembled in the shape of finished spectacle frames, with screws already fitted, were treated as spectacle frames rather than mere parts because only minor further work was needed for marketability. On that basis, the exemption under Notification No. 204/92 was unavailable and confiscation was sustained. Re-export was also refused because a later supplier's letter did not alter the goods' physical character at the time of import. The valuation basis for redemption fine and penalty, however, was not adequately supported, so the monetary consequences were moderated to lower figures. Case-Laws Central Excise Fri, 06 Feb 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92016