1995 (11) TMI 186

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....)]. - The Revenue being aggrieved with the Order-in-Appeal dated 17-4-1984 passed by the Collector of Central Excise (Appeals), Bombay had filed the present appeal, which was heard on 30-11-1995. The respondent - M/s. Testles Ltd., have requested for adjournment on the ground that their offices are lying closed and that the papers pertaining to the said appeal are not available. Shri P.K. Jain, ....

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....on charges to the cost of the material supplied by GEB. The proceedings were drawn against them on the ground that the value of the raw materials declared did not include the margin of profit which was taken as 5% of the declared value. The ld. SDR submitted that as per provisions under law the value of the finished goods was determined under Section 4 of the Central Excises and Salt Act, 1944 and....

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....ustomer, the margin of profit in the hands of the customer should be added to such a value. We are fortified in our view by the decision by the Hon'ble Supreme Court in the case of Ujagar Prints  where the Hon'ble Supreme Court had held that where raw material is supplied by the customer, the assessable value has to be arrived at by adding the cost of the raw material + the job charges + the ....