https://www.taxtmi.com/caselaws?id=116405 In valuation of fabrics processed on a job work basis, the assessable value includes the grey cloth value, job work charges, manufacturing expenses, and manufacturing profit. Expenses incurred up to the point the goods leave the processor's factory are includible whether borne by the processor or the supplier, and job charges do not replace these separate valuation elements. Where an actual factory-gate sale price is unavailable, the assessing authority may determine value on a best judgment basis by considering relevant records and comparable profit margins. The inclusion of manufacturing expenses and manufacturing profit was upheld, and the valuation challenge failed. en-us Mon, 18 Jul 2005 00:00:00 +0530 Tue, 12 Jun 2012 12:11:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116405 In valuation of fabrics processed on a job work basis, the assessable value includes the grey cloth value, job work charges, manufacturing expenses, and manufacturing profit. Expenses incurred up to the point the goods leave the processor's factory are includible whether borne by the processor or the supplier, and job charges do not replace these separate valuation elements. Where an actual factory-gate sale price is unavailable, the assessing authority may determine value on a best judgment basis by considering relevant records and comparable profit margins. The inclusion of manufacturing expenses and manufacturing profit was upheld, and the valuation challenge failed. Case-Laws Central Excise Mon, 18 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116405