Case Law Analysis
|Custom, Excise & Service Tax Tribunal
Finance Act 2015 Retrospective Exemption | Value of Free-Supplied Rails Excluded from Assessable Value of Glued Joints : CESTAT Hyderabad
CESTAT Hyderabad ruled that the value of rails supplied free of cost by Indian Railways cannot be included in the assessable value of glued joints, following the retrospective amendment under Finance Act 2015. This sets a critical precedent for manufacturers supplying goods to public infrastructure entities under contract, clarifying that free inputs provided by the buyer are not taxable components of assessable value.