https://www.taxtmi.com/caselaws?id=122238 The Appellate Tribunal upheld the lower authority's determination of the assessable value of re-rolled products manufactured on a job work basis, emphasizing the inclusion of the entire cost of raw material in the assessable value calculation. Referring to a Supreme Court judgment, the Tribunal highlighted the formula for assessing job-worked products as raw material cost plus job work charges, rejecting the deduction for 'invisible loss.' Consequently, the Tribunal set aside the previous order and ruled in favor of the Department, emphasizing adherence to established formulas and the importance of considering the full raw material cost in assessing the value of manufactured products. en-us Thu, 22 Feb 2007 00:00:00 +0530 Thu, 09 Aug 2012 16:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122238 The Appellate Tribunal upheld the lower authority's determination of the assessable value of re-rolled products manufactured on a job work basis, emphasizing the inclusion of the entire cost of raw material in the assessable value calculation. Referring to a Supreme Court judgment, the Tribunal highlighted the formula for assessing job-worked products as raw material cost plus job work charges, rejecting the deduction for 'invisible loss.' Consequently, the Tribunal set aside the previous order and ruled in favor of the Department, emphasizing adherence to established formulas and the importance of considering the full raw material cost in assessing the value of manufactured products. Case-Laws Central Excise Thu, 22 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122238