https://www.taxtmi.com/caselaws?id=243729 The value of bought-out items used with drilling rigs was not includible in the rigs' assessable value because the rigs were commercially complete when cleared from the factory. Items such as substitutes, slips, spider and spider bushings, drill collars and traveling blocks were treated as tools, accessories or operating equipment, not integral components of the rig as cleared. The principle applicable to goods removed in incomplete or unassembled form was distinguished, since the rig was not cleared in that condition. The earlier view excluding drill rods, pipes and drill tools from assessable value was applied. en-us Wed, 04 Dec 2013 00:00:00 +0530 Mon, 01 Sep 2014 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243729 The value of bought-out items used with drilling rigs was not includible in the rigs' assessable value because the rigs were commercially complete when cleared from the factory. Items such as substitutes, slips, spider and spider bushings, drill collars and traveling blocks were treated as tools, accessories or operating equipment, not integral components of the rig as cleared. The principle applicable to goods removed in incomplete or unassembled form was distinguished, since the rig was not cleared in that condition. The earlier view excluding drill rods, pipes and drill tools from assessable value was applied. Case-Laws Central Excise Wed, 04 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243729