1996 (11) TMI 214

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..... J)]. The only point for determination in this case is whether the value of the tyres and tubes which are attached with the trailor bucket when they were removed from the premises of the appellant is to be included in the assessable value of the goods. 2. The learned Counsel contended before us that the agriculturists are supplying the tubes and tyres for taking loans from the bank. Therefo .....

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..... . 1,25,388.27. However, the learned Counsel stated that the appellant is a very small manufacturer and in the facts and circumstances of the case the penalty of Rs. 15,000/- is excessive. Heard the learned SDR. In the facts and circumstances of this case, we reduce the penalty to Rs. 5,000/- (Rupees five thousand). But for the above modifications, the appeal is otherwise dismissed. - - TaxTMI - .....

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