https://www.taxtmi.com/caselaws?id=330202 Where a manufacturer supplied a complete computer system through split invoices, the Tribunal treated the peripherals and components forming part of the functional system as includible in assessable value because there was no satisfactory proof that they were separate bought-out items. The demand was held not time-barred on the facts, as limitation was linked to completion of investigation rather than an earlier departmental visit or filing of papers. Penalty liability was sustained against the person in charge of day-to-day affairs, but the quantum was reduced as excessive. The confiscation issue was treated as having lost practical significance after the factory assets were sold. en-us Tue, 21 Jun 2016 00:00:00 +0530 Fri, 10 Feb 2017 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330202 Where a manufacturer supplied a complete computer system through split invoices, the Tribunal treated the peripherals and components forming part of the functional system as includible in assessable value because there was no satisfactory proof that they were separate bought-out items. The demand was held not time-barred on the facts, as limitation was linked to completion of investigation rather than an earlier departmental visit or filing of papers. Penalty liability was sustained against the person in charge of day-to-day affairs, but the quantum was reduced as excessive. The confiscation issue was treated as having lost practical significance after the factory assets were sold. Case-Laws Central Excise Tue, 21 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330202