https://www.taxtmi.com/caselaws?id=99671 In central excise valuation, the person who carries out the transformation of raw material into a distinct commodity is treated as the manufacturer, even where the material is supplied by another party and the finished goods are returned without sale. The absence of a sale does not by itself create a principal-agent relationship. Where Section 4(1)(b) applies, valuation must follow the prescribed rules in sequence: Rule 6(b)(1) is unavailable on comparable-goods facts, and Rule 7 cannot be used unless Rule 6 is first excluded. On the facts noted, Rule 6(b)(2) was the proper basis and the value declared by the appellant was accepted. en-us Wed, 07 Jul 1999 00:00:00 +0530 Sat, 28 Jan 2012 12:29:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99671 In central excise valuation, the person who carries out the transformation of raw material into a distinct commodity is treated as the manufacturer, even where the material is supplied by another party and the finished goods are returned without sale. The absence of a sale does not by itself create a principal-agent relationship. Where Section 4(1)(b) applies, valuation must follow the prescribed rules in sequence: Rule 6(b)(1) is unavailable on comparable-goods facts, and Rule 7 cannot be used unless Rule 6 is first excluded. On the facts noted, Rule 6(b)(2) was the proper basis and the value declared by the appellant was accepted. Case-Laws Central Excise Wed, 07 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99671