https://www.taxtmi.com/caselaws?id=43286 The Supreme Court affirmed the Division Bench's decision that excise duty should be charged on the value of complete wagons, including the cost of free supply items. The Court held that excise duty is based on the manufacturing cost of goods, which includes the value of all components used in production. The appellant's argument that excise duty should only be based on the invoice value was rejected, emphasizing that the duty liability arises upon completion of the manufacturing process, encompassing all costs incurred in producing the goods. en-us Tue, 16 Jul 1991 00:00:00 +0530 Sat, 19 Jul 2014 09:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43286 The Supreme Court affirmed the Division Bench's decision that excise duty should be charged on the value of complete wagons, including the cost of free supply items. The Court held that excise duty is based on the manufacturing cost of goods, which includes the value of all components used in production. The appellant's argument that excise duty should only be based on the invoice value was rejected, emphasizing that the duty liability arises upon completion of the manufacturing process, encompassing all costs incurred in producing the goods. Case-Laws Central Excise Tue, 16 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43286