https://www.taxtmi.com/caselaws?id=42390 For excise valuation of processed fabric manufactured on a job-work basis, the assessable value is confined to the grey-cloth value in the processor's hands, job-work charges, and the processor's manufacturing profit and expenses at the deemed factory gate. Post-manufacturing trading profit or downstream expenses of the trader do not form part of the assessable value. Where a declaration states the market price of the processed goods, excise authorities may use it only to the extent it reflects the processor's factory-gate price with manufacturing profit, not the trader's later margin. The excise base is therefore limited to manufacturing-stage elements. en-us Fri, 27 Jan 1989 00:00:00 +0530 Tue, 28 Oct 2025 15:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42390 For excise valuation of processed fabric manufactured on a job-work basis, the assessable value is confined to the grey-cloth value in the processor's hands, job-work charges, and the processor's manufacturing profit and expenses at the deemed factory gate. Post-manufacturing trading profit or downstream expenses of the trader do not form part of the assessable value. Where a declaration states the market price of the processed goods, excise authorities may use it only to the extent it reflects the processor's factory-gate price with manufacturing profit, not the trader's later margin. The excise base is therefore limited to manufacturing-stage elements. Case-Laws Central Excise Fri, 27 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42390