https://www.taxtmi.com/forum/issue?id=111379 Galvanization that changes the intrinsic character of MS angles, flats or plates qualifies as manufacture, so excise duty is payable on the transaction value of the galvanized product. Valuation must include the value of raw materials supplied free of cost, the cost of galvanization and an element of profit, per Board circulars adopting Supreme Court principles. If processes occur within the same factory premises their cost is includible in factory-gate assessable value; processes outside the factory may not attract additional duty. If activity is not manufacture, service tax rather than excise may apply. en-us Wed, 18 Jan 2017 16:53:50 +0530 Thu, 23 Jan 2025 15:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111379 Galvanization that changes the intrinsic character of MS angles, flats or plates qualifies as manufacture, so excise duty is payable on the transaction value of the galvanized product. Valuation must include the value of raw materials supplied free of cost, the cost of galvanization and an element of profit, per Board circulars adopting Supreme Court principles. If processes occur within the same factory premises their cost is includible in factory-gate assessable value; processes outside the factory may not attract additional duty. If activity is not manufacture, service tax rather than excise may apply. Discussion-Forum Central Excise Wed, 18 Jan 2017 16:53:50 +0530 https://www.taxtmi.com/forum/issue?id=111379