https://www.taxtmi.com/caselaws?id=95183 Steel ingots manufactured on a job-work basis were held to be assessable on a cost-based valuation method rather than on the appellants' own sale price for ingots made from purchased raw materials. The reported reasoning was that the two categories of clearances were not shown to be comparable, no evidence displaced the finding of possible quality differences, and the valuation principle therefore required inclusion of the full raw-material cost, conversion charges, manufacturing profit and burning loss. The appropriate assessable value was accordingly fixed on cost of manufacture, with burning loss treated as part of raw-material cost, and the appellants' challenge failed. en-us Fri, 15 Sep 2000 00:00:00 +0530 Thu, 08 Dec 2011 15:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95183 Steel ingots manufactured on a job-work basis were held to be assessable on a cost-based valuation method rather than on the appellants' own sale price for ingots made from purchased raw materials. The reported reasoning was that the two categories of clearances were not shown to be comparable, no evidence displaced the finding of possible quality differences, and the valuation principle therefore required inclusion of the full raw-material cost, conversion charges, manufacturing profit and burning loss. The appropriate assessable value was accordingly fixed on cost of manufacture, with burning loss treated as part of raw-material cost, and the appellants' challenge failed. Case-Laws Central Excise Fri, 15 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95183