2002 Supp 4 SCR 309 The following Order of the Court was delivered The assessee is in appeal against the order of the Customs, Excise and Gold Control Appellate Tribunal, No.38/94 A, dated January 31, 1994.
The assessee declared the price of tape recorders which was number accepted as companyrect assessable value of goods by the Excise authorities as well as the Tribunal.
The Tribunal found that the price declared by the assessee was number full companymercial value because the moulds etc.
Moulds and some other parts of the tape recorders were got prepared by Pieco Philips at its companyts from third parties and supplied free of companyts to the assessee.
The assessee is the manufacturer of tape recorders in the brand name of Philips.
which were got produced by Pieco and were supplied free to the assessee resulted in an element of companysideration passing from Pieco to the assessee.
The assessee got them free from Pieco.
