https://www.taxtmi.com/caselaws?id=353901 Bought-out parts and accessories supplied independently as replacement spares are not part of assessable value for central excise because no manufacturing activity is involved in their clearance. By contrast, any sales tax amount collected in excess of the tax actually remitted to the Government is includible in assessable value. Where invoices and RT-12 returns do not disclose such excess remittance mismatch, extended limitation is available and penalty may be sustained, subject to reduction on the facts. The article therefore distinguishes between exempt independent spare supplies and excess tax collections that affect valuation. en-us Thu, 11 Jan 2018 00:00:00 +0530 Fri, 23 Feb 2018 15:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353901 Bought-out parts and accessories supplied independently as replacement spares are not part of assessable value for central excise because no manufacturing activity is involved in their clearance. By contrast, any sales tax amount collected in excess of the tax actually remitted to the Government is includible in assessable value. Where invoices and RT-12 returns do not disclose such excess remittance mismatch, extended limitation is available and penalty may be sustained, subject to reduction on the facts. The article therefore distinguishes between exempt independent spare supplies and excess tax collections that affect valuation. Case-Laws Central Excise Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353901