https://www.taxtmi.com/caselaws?id=95569 The assessable value of insulating varnish did not include the cost of a catalyst supplied as an optional bought out item, because the option to supply it was asserted at the earliest stage and was not rebutted by the Revenue. Earlier Tribunal decisions were applied to hold that optional bought out items are excluded from excisable value when they are not shown to be an inseparable part of the manufactured product. The contrary decision relied on by the Revenue was treated as distinguishable on its facts, since optional supply was not established there. The departmental challenge therefore failed, and the exclusion of the catalyst value from assessment was sustained. en-us Tue, 11 Jan 2000 00:00:00 +0530 Tue, 13 Dec 2011 14:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95569 The assessable value of insulating varnish did not include the cost of a catalyst supplied as an optional bought out item, because the option to supply it was asserted at the earliest stage and was not rebutted by the Revenue. Earlier Tribunal decisions were applied to hold that optional bought out items are excluded from excisable value when they are not shown to be an inseparable part of the manufactured product. The contrary decision relied on by the Revenue was treated as distinguishable on its facts, since optional supply was not established there. The departmental challenge therefore failed, and the exclusion of the catalyst value from assessment was sustained. Case-Laws Central Excise Tue, 11 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95569