https://www.taxtmi.com/caselaws?id=109668 For excise valuation of steel drums made from customer-supplied sheets and coils, assessable value had to be determined under Section 4 and the Valuation Rules on a cost-plus basis, using the manufacturer's cost and manufacturing profit. The customer's notional profit could not be loaded into the assessable value because the customer was not the manufacturer and its post-manufacturing margin had no basis in valuation. Transportation charges were not separately addable where they were already covered by fabrication charges, and wrapping material cost could not be added again when it was already embedded in the certified cost data. en-us Tue, 30 Mar 1993 00:00:00 +0530 Wed, 11 Apr 2012 12:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109668 For excise valuation of steel drums made from customer-supplied sheets and coils, assessable value had to be determined under Section 4 and the Valuation Rules on a cost-plus basis, using the manufacturer's cost and manufacturing profit. The customer's notional profit could not be loaded into the assessable value because the customer was not the manufacturer and its post-manufacturing margin had no basis in valuation. Transportation charges were not separately addable where they were already covered by fabrication charges, and wrapping material cost could not be added again when it was already embedded in the certified cost data. Case-Laws Central Excise Tue, 30 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109668