https://www.taxtmi.com/caselaws?id=95235 Cold-rolled pattis used within the factory to manufacture circles were treated as deemed removed under the Central Excise Rules for duty purposes, although the separate question whether cold rolling itself amounted to manufacture under Section 2(f) was left open for fresh adjudication. In valuation, the assessable value had to be taken on a net basis, and the excise duty element embedded in the market price was required to be deducted. The matter was remitted for reconsideration, with the valuation principle settled and the manufacture issue reserved for decision after notice and hearing. en-us Thu, 23 Nov 2000 00:00:00 +0530 Fri, 09 Dec 2011 11:13:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95235 Cold-rolled pattis used within the factory to manufacture circles were treated as deemed removed under the Central Excise Rules for duty purposes, although the separate question whether cold rolling itself amounted to manufacture under Section 2(f) was left open for fresh adjudication. In valuation, the assessable value had to be taken on a net basis, and the excise duty element embedded in the market price was required to be deducted. The matter was remitted for reconsideration, with the valuation principle settled and the manufacture issue reserved for decision after notice and hearing. Case-Laws Central Excise Thu, 23 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95235