https://www.taxtmi.com/caselaws?id=82294 In valuing processed fabric manufactured on a job-work basis for central excise, the assessable value includes the price of the processed goods at the processor's factory together with the processor's manufacturing expenses, costs, charges and profit. It does not include any profit or expense arising after manufacture. Applying this settled valuation principle and Rule 174 of the Central Excise Rules, 1944 consistently with Supreme Court guidance, the trader's post-manufacturing profit was excluded from assessable value, and Revenue's challenge failed. en-us Thu, 11 Feb 1993 00:00:00 +0530 Mon, 04 Jul 2011 11:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82294 In valuing processed fabric manufactured on a job-work basis for central excise, the assessable value includes the price of the processed goods at the processor's factory together with the processor's manufacturing expenses, costs, charges and profit. It does not include any profit or expense arising after manufacture. Applying this settled valuation principle and Rule 174 of the Central Excise Rules, 1944 consistently with Supreme Court guidance, the trader's post-manufacturing profit was excluded from assessable value, and Revenue's challenge failed. Case-Laws Central Excise Thu, 11 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82294