https://www.taxtmi.com/caselaws?id=41235 For valuation under Section 4 of the Central Excise Act, assessable value must reflect only the manufacturing element. Post-manufacturing expenses and profit are excluded from the wholesale price, and delivery-related items such as service charges, insurance, packing charges and similar components cannot be added mechanically unless they are shown to form part of manufacturing cost. The proper approach is to identify the allowable components on that principle before computing duty. On that basis, the challenged valuation order and consequential notices could not be sustained. en-us Wed, 15 Sep 1982 00:00:00 +0530 Mon, 31 May 2010 15:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41235 For valuation under Section 4 of the Central Excise Act, assessable value must reflect only the manufacturing element. Post-manufacturing expenses and profit are excluded from the wholesale price, and delivery-related items such as service charges, insurance, packing charges and similar components cannot be added mechanically unless they are shown to form part of manufacturing cost. The proper approach is to identify the allowable components on that principle before computing duty. On that basis, the challenged valuation order and consequential notices could not be sustained. Case-Laws Central Excise Wed, 15 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41235