https://www.taxtmi.com/caselaws?id=86981 In valuation of LPG cylinders manufactured from steel sheets supplied by oil companies, the assessable value was held to be confined to the cost of raw materials plus job charges. The Revenue's attempt to add a notional margin of profit on the customer-supplied materials under Rule 6(b)(4) of the Central Excise Valuation Rules was rejected because the supplying oil companies were not the manufacturer for central excise purposes. The Tribunal followed its earlier identical ruling and accepted the assessee's valuation method, holding that the customer's profit margin could not be loaded into the manufacturer's assessable value. en-us Mon, 19 May 1997 00:00:00 +0530 Mon, 29 Aug 2011 16:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86981 In valuation of LPG cylinders manufactured from steel sheets supplied by oil companies, the assessable value was held to be confined to the cost of raw materials plus job charges. The Revenue's attempt to add a notional margin of profit on the customer-supplied materials under Rule 6(b)(4) of the Central Excise Valuation Rules was rejected because the supplying oil companies were not the manufacturer for central excise purposes. The Tribunal followed its earlier identical ruling and accepted the assessee's valuation method, holding that the customer's profit margin could not be loaded into the manufacturer's assessable value. Case-Laws Central Excise Mon, 19 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86981