https://www.taxtmi.com/caselaws?id=41123 For valuation under section 4 of the Central Excises and Salt Act, 1944, the assessable value is determined by the condition of the excisable product at the time of removal from the factory. The cost of raw materials and components used in manufacture forms an integral part of the value of the finished goods, and no distinction is made between materials purchased by the manufacturer and materials supplied by customers. On that basis, the cost of fabrics used in making the furniture was correctly included in the assessable value of the furniture cleared by the petitioners. en-us Sat, 20 Aug 1977 00:00:00 +0530 Fri, 21 May 2010 11:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41123 For valuation under section 4 of the Central Excises and Salt Act, 1944, the assessable value is determined by the condition of the excisable product at the time of removal from the factory. The cost of raw materials and components used in manufacture forms an integral part of the value of the finished goods, and no distinction is made between materials purchased by the manufacturer and materials supplied by customers. On that basis, the cost of fabrics used in making the furniture was correctly included in the assessable value of the furniture cleared by the petitioners. Case-Laws Central Excise Sat, 20 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41123