https://www.taxtmi.com/caselaws?id=85753 In valuing job-work goods under Section 4(1)(b) of the Central Excises and Salt Act, 1944, a further notional profit addition to the cost of customer-supplied raw materials and to job-work charges was held impermissible where the disclosed job charges already reflected the profit element of the activity. The attempt to load an additional percentage on top of those charges amounted to profit on profit and was not justified on the facts. The 10% addition towards profit was therefore found arbitrary and unsustainable, and the valuation issue was decided in favour of the assessee. en-us Fri, 30 Aug 1996 00:00:00 +0530 Sat, 06 Aug 2011 18:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=85753 In valuing job-work goods under Section 4(1)(b) of the Central Excises and Salt Act, 1944, a further notional profit addition to the cost of customer-supplied raw materials and to job-work charges was held impermissible where the disclosed job charges already reflected the profit element of the activity. The attempt to load an additional percentage on top of those charges amounted to profit on profit and was not justified on the facts. The 10% addition towards profit was therefore found arbitrary and unsustainable, and the valuation issue was decided in favour of the assessee. Case-Laws Central Excise Fri, 30 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=85753