2002 (5) TMI 158

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....ber (J) (Oral)]. - This is an appeal filed by the Revenue. The short point to be considered in this case is whether value of the patterns is to be included or not in determining the assessable value of the castings. The Assistant Commissioner has given a finding that since the patterns were supplied by the Customers at free of cost, the same is to be included in the assessable value of the casting....

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....e of cost. He said that sufficient evidence was placed before the authorities below to substantiate that the value of the patterns was included in the contract price. He said that the Commissioner (Appeals) was just right in arriving at the conclusion based upon the evidence that the cost of patterns was included in the contract price. 3. On a careful consideration of the submissions made by bo....