https://www.taxtmi.com/caselaws?id=93806 Goods manufactured on a job-work basis are to be valued by adding the cost of materials supplied, the job worker's manufacturing cost, and manufacturing profit; the buyer's resale price and selling profit are excluded from assessable value. Rule 6(b)(i) of the Central Excise Valuation Rules, 1975 applies to captive consumption and cannot be invoked where goods are transferred under a job-work arrangement without captive consumption. The valuation method based on the buyer's selling price was therefore unsustainable, and the demand founded on that method could not stand. en-us Thu, 03 Aug 2000 00:00:00 +0530 Thu, 17 Nov 2011 10:44:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93806 Goods manufactured on a job-work basis are to be valued by adding the cost of materials supplied, the job worker's manufacturing cost, and manufacturing profit; the buyer's resale price and selling profit are excluded from assessable value. Rule 6(b)(i) of the Central Excise Valuation Rules, 1975 applies to captive consumption and cannot be invoked where goods are transferred under a job-work arrangement without captive consumption. The valuation method based on the buyer's selling price was therefore unsustainable, and the demand founded on that method could not stand. Case-Laws Central Excise Thu, 03 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93806