https://www.taxtmi.com/caselaws?id=245462 Processed fabrics cleared on a job-work valuation basis were assessed by applying the Ujagar Prints formula, i.e. cost of raw material plus job charges. A binding Board circular stated that traders' profit was not includible in assessable value, and departmental officers were bound to follow it. On the facts, the assessee had already added a further amount in the assessable value, so additional demands for transportation, loading and unloading, and manufacturing expenses were not sustainable. The disputed additions were therefore held to be not includible, and the Revenue's challenge failed. en-us Tue, 02 Aug 2011 00:00:00 +0530 Mon, 31 Mar 2014 06:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245462 Processed fabrics cleared on a job-work valuation basis were assessed by applying the Ujagar Prints formula, i.e. cost of raw material plus job charges. A binding Board circular stated that traders' profit was not includible in assessable value, and departmental officers were bound to follow it. On the facts, the assessee had already added a further amount in the assessable value, so additional demands for transportation, loading and unloading, and manufacturing expenses were not sustainable. The disputed additions were therefore held to be not includible, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 02 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245462