No Excise Duty on Duty-Paid Bought-Out Parts Sent Directly to Buyer’s Site: SC

Lipi Boilers Ltd. Vs Commissioner of Central Excise (Supreme Court of India) Immovable Plant Not “Goods”- Boiler Erected on Site is Immovable Property – No Excise Duty on Bought-Out Items – SC; Transaction Value Cannot Create Excisability: SC Sets Aside CESTAT Order; Valuation Follows Levy, Not Vice-Versa—SC Rejects Duty on Site-Delivered Parts The Supreme Court allowed the appeals of Lipi Boilers Ltd &  set aside the CESTAT order, restoring the findings of the Assistant Commissioner &  Commissioner (Appeals) which had dropped the excise demand. The SC held that the bough...