https://www.taxtmi.com/caselaws?id=830 The Revenue appealed against the reduction in assessable value of sulphonic acid by deducting the cost of spent sulphuric acid. The Tribunal held that the cost of inputs and processing charges should be included in assessing the value of sulphonic acid, and by-products or waste products cannot be used to reduce the value of manufactured goods. The Commissioner (Appeals) order allowing the deduction was deemed incorrect, and the Revenue's appeal was allowed. The judgment emphasized the legal interpretation of assessment rules in manufacturing processes and the treatment of by-products in determining assessable value. en-us Wed, 31 May 2006 00:00:00 +0530 Sun, 13 Apr 2008 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=830 The Revenue appealed against the reduction in assessable value of sulphonic acid by deducting the cost of spent sulphuric acid. The Tribunal held that the cost of inputs and processing charges should be included in assessing the value of sulphonic acid, and by-products or waste products cannot be used to reduce the value of manufactured goods. The Commissioner (Appeals) order allowing the deduction was deemed incorrect, and the Revenue's appeal was allowed. The judgment emphasized the legal interpretation of assessment rules in manufacturing processes and the treatment of by-products in determining assessable value. Case-Laws Central Excise Wed, 31 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=830