https://www.taxtmi.com/caselaws?id=756495 CESTAT Chandigarh held that bought-out items must be included in assessable value when appellant supplied pre-fabricated buildings to Indian Army. Although appellant procured some components externally and manufactured steel structures internally, the final supply constituted complete pre-fabricated buildings. Valuation must be based on what is cleared from factory as complete units. However, extended period of limitation cannot be invoked as case arose from audit proceedings and appellant had reasonable belief that bought-out items need not be included in assessable value. Duty confirmed for normal period only; extended period duty and penalty under Section 11AC set aside. en-us Mon, 22 Jul 2024 00:00:00 +0530 Sat, 03 Aug 2024 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756495 CESTAT Chandigarh held that bought-out items must be included in assessable value when appellant supplied pre-fabricated buildings to Indian Army. Although appellant procured some components externally and manufactured steel structures internally, the final supply constituted complete pre-fabricated buildings. Valuation must be based on what is cleared from factory as complete units. However, extended period of limitation cannot be invoked as case arose from audit proceedings and appellant had reasonable belief that bought-out items need not be included in assessable value. Duty confirmed for normal period only; extended period duty and penalty under Section 11AC set aside. Case-Laws Central Excise Mon, 22 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756495