https://www.taxtmi.com/caselaws?id=42934 The High Court held that excise duty should be assessed based on the actual assessable value of manufactured goods, not solely on conversion charges. Relying on the Supreme Court's precedent, the Court emphasized including raw material costs, job work, manufacturing profit, and expenses in the assessment while excluding post-manufacturing profits. The Assistant Collector's decision to consider the selling price of another company was deemed incorrect. The Court allowed the writ petition, set aside the order, and directed a reassessment based on the actual value of the petitioner's manufactured cigarettes for excise duty purposes. en-us Tue, 06 Nov 1990 00:00:00 +0530 Tue, 15 Jun 2010 11:29:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42934 The High Court held that excise duty should be assessed based on the actual assessable value of manufactured goods, not solely on conversion charges. Relying on the Supreme Court's precedent, the Court emphasized including raw material costs, job work, manufacturing profit, and expenses in the assessment while excluding post-manufacturing profits. The Assistant Collector's decision to consider the selling price of another company was deemed incorrect. The Court allowed the writ petition, set aside the order, and directed a reassessment based on the actual value of the petitioner's manufactured cigarettes for excise duty purposes. Case-Laws Central Excise Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42934