https://www.taxtmi.com/caselaws?id=84883 The Appellate Tribunal CEGAT, New Delhi upheld the Collector of Central Excise (Appeals), Bombay's decision, rejecting the Revenue's appeal against the inclusion of a 5% profit margin in the declared cost of raw materials supplied by the customer. The Tribunal emphasized that when raw materials are provided by the customer, the assessable value should encompass the cost of raw materials, job charges, and the manufacturer's profit margin. It was ruled that in such cases, the manufacturer's conversion charges are presumed to cover their profit margin, and the demand for a notional profit was deemed unsustainable. en-us Thu, 30 Nov 1995 00:00:00 +0530 Mon, 01 Aug 2011 13:02:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84883 The Appellate Tribunal CEGAT, New Delhi upheld the Collector of Central Excise (Appeals), Bombay's decision, rejecting the Revenue's appeal against the inclusion of a 5% profit margin in the declared cost of raw materials supplied by the customer. The Tribunal emphasized that when raw materials are provided by the customer, the assessable value should encompass the cost of raw materials, job charges, and the manufacturer's profit margin. It was ruled that in such cases, the manufacturer's conversion charges are presumed to cover their profit margin, and the demand for a notional profit was deemed unsustainable. Case-Laws Central Excise Thu, 30 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84883