https://www.taxtmi.com/caselaws?id=50653 Post-manufacture marketing and advertising expenses are not part of the assessable value of yarn under Rule 6(b)(ii), which values goods on manufacturing cost plus ordinary profit; expenses incurred after manufacture do not enter the valuation base, so duty could not be demanded on that footing. A Board circular under Section 37B may bind departmental officers, but it does not control the independent discretion of the Commissioner (Appeals) where the proviso excludes such binding effect. The note therefore states that valuation must exclude post-manufacture expenses and appellate authorities must decide independently of the circular. 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 Post-manufacture marketing and advertising expenses are not part of the assessable value of yarn under Rule 6(b)(ii), which values goods on manufacturing cost plus ordinary profit; expenses incurred after manufacture do not enter the valuation base, so duty could not be demanded on that footing. A Board circular under Section 37B may bind departmental officers, but it does not control the independent discretion of the Commissioner (Appeals) where the proviso excludes such binding effect. The note therefore states that valuation must exclude post-manufacture expenses and appellate authorities must decide independently of the circular. Case-Laws Central Excise Mon, 17 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50653