https://www.taxtmi.com/caselaws?id=116161 Building a body on a duty-paid chassis was not treated as manufacture during the pre-amendment period before Note 4 to Chapter 87 came into force. As a result, only the value of the body was liable to duty, and the chassis value could not be included in the assessable value. The exemption claimed for the chassis under Notification No. 241/86-C.E., read with the Board's circular and the Supreme Court ruling referred to, supported this position. The demand and penalty were therefore unsustainable. en-us Thu, 10 Mar 2005 00:00:00 +0530 Fri, 08 Jun 2012 14:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116161 Building a body on a duty-paid chassis was not treated as manufacture during the pre-amendment period before Note 4 to Chapter 87 came into force. As a result, only the value of the body was liable to duty, and the chassis value could not be included in the assessable value. The exemption claimed for the chassis under Notification No. 241/86-C.E., read with the Board's circular and the Supreme Court ruling referred to, supported this position. The demand and penalty were therefore unsustainable. Case-Laws Central Excise Thu, 10 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116161