https://www.taxtmi.com/caselaws?id=94055 Turbo alternator sets erected and commissioned at customer sites, having been fixed to foundations and treated as immovable property, were held not to be marketable excisable goods, so central excise duty on that count could not be sustained. Profit earned on traded bought-out items, including items procured from third parties, was held not includible in the assessable value of the manufactured turbines because trading profit cannot be added to excise valuation of the manufactured product. Once the duty demands failed, the consequential penalties also could not survive. The duty demands and penalties were therefore set aside, with consequential relief to the assessee. en-us Wed, 06 Sep 2000 00:00:00 +0530 Fri, 18 Nov 2011 17:18:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94055 Turbo alternator sets erected and commissioned at customer sites, having been fixed to foundations and treated as immovable property, were held not to be marketable excisable goods, so central excise duty on that count could not be sustained. Profit earned on traded bought-out items, including items procured from third parties, was held not includible in the assessable value of the manufactured turbines because trading profit cannot be added to excise valuation of the manufactured product. Once the duty demands failed, the consequential penalties also could not survive. The duty demands and penalties were therefore set aside, with consequential relief to the assessee. Case-Laws Central Excise Wed, 06 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94055