https://www.taxtmi.com/caselaws?id=51095 For job-work manufacture, assessable value under Section 4 of the Central Excise Act is the normal price at which the goods are ordinarily sold at the time and place of removal, and must reflect the job worker's processing cost, expenses, charges and profit, not the trader's post-manufacturing margin. Where the assessee adopted the supplier's declared selling price for the job-work goods and duty was paid on that basis, the Department could not substitute the price of identical goods cleared on the assessee's own account merely because the assessee also manufactured and sold similar goods. The assessable value was therefore to be accepted on the basis adopted by the assessee, and the differential duty demand was unsustainable. en-us Fri, 18 Jan 2002 00:00:00 +0530 Wed, 22 Sep 2010 16:18:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51095 For job-work manufacture, assessable value under Section 4 of the Central Excise Act is the normal price at which the goods are ordinarily sold at the time and place of removal, and must reflect the job worker's processing cost, expenses, charges and profit, not the trader's post-manufacturing margin. Where the assessee adopted the supplier's declared selling price for the job-work goods and duty was paid on that basis, the Department could not substitute the price of identical goods cleared on the assessee's own account merely because the assessee also manufactured and sold similar goods. The assessable value was therefore to be accepted on the basis adopted by the assessee, and the differential duty demand was unsustainable. Case-Laws Central Excise Fri, 18 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51095