https://www.taxtmi.com/caselaws?id=114873 Where yarn is captively consumed in a composite mill, warping and winding undertaken before the deemed removal of the yarn are part of manufacture and their cost enters assessable value. The reasoning treats yarn as excisable at the spindle stage, but applies Chapter Notes 1 and 3 and Rule 49 to deem removal only immediately before fabric manufacture, so all processes completed before that point are includible. An exemption for similar processes on duty-paid yarn in another factory does not alter valuation in an integrated factory. The cost of warping and winding is therefore includible in assessable value. en-us Tue, 25 Jan 2005 00:00:00 +0530 Mon, 21 May 2012 17:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=114873 Where yarn is captively consumed in a composite mill, warping and winding undertaken before the deemed removal of the yarn are part of manufacture and their cost enters assessable value. The reasoning treats yarn as excisable at the spindle stage, but applies Chapter Notes 1 and 3 and Rule 49 to deem removal only immediately before fabric manufacture, so all processes completed before that point are includible. An exemption for similar processes on duty-paid yarn in another factory does not alter valuation in an integrated factory. The cost of warping and winding is therefore includible in assessable value. Case-Laws Central Excise Tue, 25 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=114873