https://www.taxtmi.com/caselaws?id=43306 Processed fabrics must be assessed by excluding trader's profit, because inclusion of that element distorts the excisable value and the duty legally payable. On that basis, a fresh reassessment was required for the relevant period to determine the correct duty and any refundable excess. The text states that the excise authorities were to recompute the assessable value and refund the excess duty found recoverable, resulting in partial relief to the petitioners. en-us Fri, 04 May 1990 00:00:00 +0530 Thu, 17 Jun 2010 12:41:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43306 Processed fabrics must be assessed by excluding trader's profit, because inclusion of that element distorts the excisable value and the duty legally payable. On that basis, a fresh reassessment was required for the relevant period to determine the correct duty and any refundable excess. The text states that the excise authorities were to recompute the assessable value and refund the excess duty found recoverable, resulting in partial relief to the petitioners. Case-Laws Central Excise Fri, 04 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43306