https://www.taxtmi.com/caselaws?id=42155 Under the special procedure in Rule 96V and Rule 96W of the Central Excise Rules, 1944, the deferment of collection did not extinguish or alter the excise liability arising on manufacture of cotton yarn. When that yarn was used as raw material for cotton fabrics, its assessable value had to include the yarn value together with the excise duty payable on it. The definition of "value" for excisable goods did not exclude this duty component at the fabric stage, even though duty is not added to the assessable value of yarn itself. The court therefore upheld inclusion of yarn duty in valuing the fabrics and sustained the short-levy demand. en-us Tue, 13 Oct 1987 00:00:00 +0530 Wed, 09 Jun 2010 14:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42155 Under the special procedure in Rule 96V and Rule 96W of the Central Excise Rules, 1944, the deferment of collection did not extinguish or alter the excise liability arising on manufacture of cotton yarn. When that yarn was used as raw material for cotton fabrics, its assessable value had to include the yarn value together with the excise duty payable on it. The definition of "value" for excisable goods did not exclude this duty component at the fabric stage, even though duty is not added to the assessable value of yarn itself. The court therefore upheld inclusion of yarn duty in valuing the fabrics and sustained the short-levy demand. Case-Laws Central Excise Tue, 13 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42155