https://www.taxtmi.com/caselaws?id=447096 CESTAT Kolkata held that bought-out items supplied directly to customer premises for industrial furnace installation are not includable in assessable value for central excise duty. The tribunal ruled that under a composite contract for supply, installation and commissioning, bought-out items become part of immovable property after furnace erection, thus exempt from excise duty. The appellant had already discharged duty on manufactured components. Demand for duty, interest and penalty was set aside as unsustainable. Appeal allowed. en-us Fri, 15 Dec 2023 00:00:00 +0530 Tue, 19 Dec 2023 09:00:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447096 CESTAT Kolkata held that bought-out items supplied directly to customer premises for industrial furnace installation are not includable in assessable value for central excise duty. The tribunal ruled that under a composite contract for supply, installation and commissioning, bought-out items become part of immovable property after furnace erection, thus exempt from excise duty. The appellant had already discharged duty on manufactured components. Demand for duty, interest and penalty was set aside as unsustainable. Appeal allowed. Case-Laws Central Excise Fri, 15 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447096