Factory gate valuation and job-work processing in excise were referred to a larger Bench for reconsideration.

Processing of grey cotton and man-made fabrics by bleaching, dyeing, printing, mercerising and similar job-work operations was discussed as manufacture under central excise law, with the Bench noting that a three-Judge precedent had already treated such processing as manufacture and therefore remained binding until overruled by a larger Bench. The valuation issue was addressed on the basis that assessable value should be the wholesale cash price at the processor's factory gate, including the value of grey cloth and job-work charges but excluding the trader's subsequent selling profit. Both questions were referred to a larger Bench of five Judges for authoritative reconsideration.

---

---

-

---