https://www.taxtmi.com/caselaws?id=47521 The Supreme Court upheld the Commissioner's decision that the cost of galvanization should be included in the assessable value of m.s. galvanized pipes under Section 4 of the Central Excise Act, 1944. The Court emphasized that galvanization added value to the product, enriching its quality and final value. While galvanization itself may not constitute manufacture, it contributes to the overall value of the pipes. The Court ruled that expenses enhancing the product's value must be considered in the assessable value, affirming the inclusion of galvanization costs and setting aside the penalty imposed by the Commissioner due to lack of reasons provided. en-us Fri, 16 Dec 2005 00:00:00 +0530 Fri, 03 Apr 2015 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=47521 The Supreme Court upheld the Commissioner's decision that the cost of galvanization should be included in the assessable value of m.s. galvanized pipes under Section 4 of the Central Excise Act, 1944. The Court emphasized that galvanization added value to the product, enriching its quality and final value. While galvanization itself may not constitute manufacture, it contributes to the overall value of the pipes. The Court ruled that expenses enhancing the product's value must be considered in the assessable value, affirming the inclusion of galvanization costs and setting aside the penalty imposed by the Commissioner due to lack of reasons provided. Case-Laws Central Excise Fri, 16 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=47521