https://www.taxtmi.com/caselaws?id=117356 Mattresses cleared to depots and sold there with stitched cloth covers are valued on the basis of the goods as actually sold from the depot. The stated principle is that, after substitution of section 4, transaction value includes all amounts paid or payable in connection with the sale, and the Board's valuation circular requires the cost of covers to be included where mattresses are cleared with covers. Even if the covers are invoiced separately, the realised price represents the plain mattress plus the stitched cover, so the cover value forms part of the assessable value and transaction value for central excise duty. en-us Fri, 30 Dec 2005 00:00:00 +0530 Fri, 22 Jun 2012 11:05:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117356 Mattresses cleared to depots and sold there with stitched cloth covers are valued on the basis of the goods as actually sold from the depot. The stated principle is that, after substitution of section 4, transaction value includes all amounts paid or payable in connection with the sale, and the Board's valuation circular requires the cost of covers to be included where mattresses are cleared with covers. Even if the covers are invoiced separately, the realised price represents the plain mattress plus the stitched cover, so the cover value forms part of the assessable value and transaction value for central excise duty. Case-Laws Central Excise Fri, 30 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117356