https://www.taxtmi.com/caselaws?id=115997 Captively consumed hydraulic gear and hydraulic distribution assembly used in tractor manufacture were treated as identical to spare parts sold in the market for valuation purposes. The Tribunal found that the goods were made from the same materials, followed the same manufacturing process, had the same specifications and quality, and remained commercially interchangeable. Differences in naked condition, packing, marking, oil filling and rustproofing were only clearance-related incidents and did not change the identity of the goods. On that basis, the market price of the comparable spare parts was the correct assessable value, and no separate valuation on the assessee's proposed basis was warranted. en-us Thu, 21 Apr 2005 00:00:00 +0530 Wed, 06 Jun 2012 14:33:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115997 Captively consumed hydraulic gear and hydraulic distribution assembly used in tractor manufacture were treated as identical to spare parts sold in the market for valuation purposes. The Tribunal found that the goods were made from the same materials, followed the same manufacturing process, had the same specifications and quality, and remained commercially interchangeable. Differences in naked condition, packing, marking, oil filling and rustproofing were only clearance-related incidents and did not change the identity of the goods. On that basis, the market price of the comparable spare parts was the correct assessable value, and no separate valuation on the assessee's proposed basis was warranted. Case-Laws Central Excise Thu, 21 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115997