https://www.taxtmi.com/caselaws?id=40647 Excise valuation under the Central Excises and Salt Act, 1944 is confined to manufacturing cost and manufacturing profit; expenses incurred after manufacture, after goods leave the factory gate and before sale, are not includible in the assessable value. The revised price list had to be examined on that basis, so the post-manufacturing expenses could not be loaded into excise duty computation. The challenge succeeded, and the respondents were directed to reconsider the revised price list in accordance with the governing valuation principle. en-us Mon, 16 Feb 1976 00:00:00 +0530 Wed, 12 May 2010 16:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40647 Excise valuation under the Central Excises and Salt Act, 1944 is confined to manufacturing cost and manufacturing profit; expenses incurred after manufacture, after goods leave the factory gate and before sale, are not includible in the assessable value. The revised price list had to be examined on that basis, so the post-manufacturing expenses could not be loaded into excise duty computation. The challenge succeeded, and the respondents were directed to reconsider the revised price list in accordance with the governing valuation principle. Case-Laws Central Excise Mon, 16 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40647