https://www.taxtmi.com/caselaws?id=340489 In valuing processed fabrics manufactured on a job-work basis, assessable value must be determined on the settled deemed factory-gate basis, comprising the intrinsic value of grey cloth plus job-work charges, manufacturing expenses and manufacturing profit. The Tribunal held that an addition for shrinkage could not be sustained where the valuation method had not been correctly applied to justify that inclusion. The impugned demand was therefore not upheld, the order under appeal was set aside, and the valuation-based demand was annulled. en-us Tue, 28 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 08:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340489 In valuing processed fabrics manufactured on a job-work basis, assessable value must be determined on the settled deemed factory-gate basis, comprising the intrinsic value of grey cloth plus job-work charges, manufacturing expenses and manufacturing profit. The Tribunal held that an addition for shrinkage could not be sustained where the valuation method had not been correctly applied to justify that inclusion. The impugned demand was therefore not upheld, the order under appeal was set aside, and the valuation-based demand was annulled. Case-Laws Central Excise Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340489