https://www.taxtmi.com/caselaws?id=45451 SC allowed the appeal. Where a principal supplies raw materials to a processor for manufacture, the assessable excise value is the processor's manufacturing cost plus its profit (processing charges) together with the cost of raw materials supplied by the principal. The principal's own profit or expenses incurred after manufacture by the processor cannot be included in the processor's assessable value. The Court applied the ratio in prior precedents involving supplied materials and processing and rejected valuation based on the principal's wholesale cash price. en-us Thu, 20 Jul 2000 00:00:00 +0530 Tue, 07 Oct 2025 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45451 SC allowed the appeal. Where a principal supplies raw materials to a processor for manufacture, the assessable excise value is the processor's manufacturing cost plus its profit (processing charges) together with the cost of raw materials supplied by the principal. The principal's own profit or expenses incurred after manufacture by the processor cannot be included in the processor's assessable value. The Court applied the ratio in prior precedents involving supplied materials and processing and rejected valuation based on the principal's wholesale cash price. Case-Laws Central Excise Thu, 20 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45451