The Supreme Court of India, in a significant judgment on central excise law, has ruled that the value of duty-paid “bought out items” delivered directly to a buyer’s site is not liable to be included in the assessable value of a boiler cleared from the assessee’s factory in a completely knocked down (CKD) condition. A
Value of Bought-Out Items Not Includible in Assessable Value of Boiler Assembled at Site, Holds Final Plant is Non-Excisable ‘Immovable Property’: Supreme Court
