Assessable value: post-manufacture processes inside the same premises can increase assessable value, but outside processing does not. Where further processes not amounting to manufacture are undertaken within the same factory premises, their cost must be included in the assessable value of the excisable goods; however, if duty-paid goods are cleared from the factory and subjected to such processes outside the factory by separate units or job workers, no additional dutyable value can be added. The Board, on the Law Ministry's advice, treats Siddharth Tubes as confined to intra premises processing and relies on the J.G. Glass ratio to preclude re levy for outside processing.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Assessable value: post-manufacture processes inside the same premises can increase assessable value, but outside processing does not.
Where further processes not amounting to manufacture are undertaken within the same factory premises, their cost must be included in the assessable value of the excisable goods; however, if duty-paid goods are cleared from the factory and subjected to such processes outside the factory by separate units or job workers, no additional dutyable value can be added. The Board, on the Law Ministry's advice, treats Siddharth Tubes as confined to intra premises processing and relies on the J.G. Glass ratio to preclude re levy for outside processing.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
