https://www.taxtmi.com/caselaws?id=50653 Marketing and advertising expenses incurred after manufacture do not form part of manufacturing cost for valuation under Rule 6(b)(ii), which applies cost of manufacture plus ordinary profit. Such post-manufacture expenditure is therefore excluded from the assessable value of yarn, and duty demands based on its inclusion are unsustainable. Board circulars issued under Section 37B may bind departmental officers but cannot restrict the independent statutory discretion of the Commissioner (Appeals), as the proviso expressly excludes that appellate authority from their binding effect. The Commissioner (Appeals) must accordingly decide valuation issues independently. en-us Mon, 17 Sep 2001 00:00:00 +0530 Wed, 25 Aug 2010 11:40:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50653 Marketing and advertising expenses incurred after manufacture do not form part of manufacturing cost for valuation under Rule 6(b)(ii), which applies cost of manufacture plus ordinary profit. Such post-manufacture expenditure is therefore excluded from the assessable value of yarn, and duty demands based on its inclusion are unsustainable. Board circulars issued under Section 37B may bind departmental officers but cannot restrict the independent statutory discretion of the Commissioner (Appeals), as the proviso expressly excludes that appellate authority from their binding effect. The Commissioner (Appeals) must accordingly decide valuation issues independently. Case-Laws Central Excise Mon, 17 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50653