2015 (5) TMI 494 - SCH - Central Excise

Valuation of goods - Inclusion of value of Handle assembly, Ball valve assembly, over flow assembly, Syphon assembly, Outlet flange assembly and Flush pipe assembly - Held that - assessee supplied the same to those buyers only who asked for that and in such a situation the assessee buys the aforesaid components from the market and supply to the buyers at their option. In these circumstances, the Tribunal 2005 (3) TMI 367 - CESTAT, CHENNAI has rightly declined to add the value of the aforesaid components which are not the part of flushing cistern manufactured by the assessee. Even otherwise, the amount of tax involved is not much. - Decided against Revenue.

Summary

The Supreme Court dismissed the appeal as the Tribunal rightly declined to add the value of components not manufactured by the assessee to the flushing cisterns. The tax amount involved was not significant.