https://www.taxtmi.com/caselaws?id=94921 Notional profit could not be added to job-work charges for valuing manufactured goods where the quotation already included a normal profit margin. The computation of notional profit had not been independently established, and the term "profit" was capable of different meanings. On that material, the assessee's position that the job charges already reflected profit could not be rejected unless the department disproved it. The valuation adopted by the lower authority was therefore unsustainable, and the addition of notional profit was disallowed. en-us Mon, 25 Sep 2000 00:00:00 +0530 Mon, 05 Dec 2011 17:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94921 Notional profit could not be added to job-work charges for valuing manufactured goods where the quotation already included a normal profit margin. The computation of notional profit had not been independently established, and the term "profit" was capable of different meanings. On that material, the assessee's position that the job charges already reflected profit could not be rejected unless the department disproved it. The valuation adopted by the lower authority was therefore unsustainable, and the addition of notional profit was disallowed. Case-Laws Central Excise Mon, 25 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94921