2005 (10) TMI 316

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....e, for the Appellant. Shri Ajay Saxena, DR, for the Respondent. [Order per : Moheb Ali M., Member (T)]. - The appellant is a manufacturer of man-made cotton fabrics. He processes grey fabrics on job work basis. The processed fabrics are valued on the basis of the formula laid down by the Supreme Court in the case of Ujagar Prints v. UOI - 1989 (39) E.L.T. 493 (S.C.), that is, the cost of ....

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....turned to the merchant manufacturer but in the case of cut-pieces, the value will have to be determined under the best judgment method envisaged in Rule 7 of the erstwhile Central Excise Valuation Rules. The appellant thought that the value of cut pieces could be determined on the basis of value of first quality goods. This method falls under best judgment method under Rule 7 according to the appe....

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.... observed that the appellant was seeking to determine the value of cut-pieces in a manner different from the one which is used for arriving at the value of first quality fabrics. We also notice that all the elements that go into the manufacture of first quality fabrics do go in the manufacture of cut pieces. The appellant's attempt to determine the value of cut pieces at a lower price is based on ....