Supreme Court's order, dated 27-1-1989 in the case of M/s. Ujagar Prints etc. etc. v. UOI & Others - Reg

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....ce (Department of Revenue) New Delhi Subject : Supreme Court's order, dated 27-1-1989 in the case of M/s. Ujagar Prints etc. etc. v. UOI & Others - Reg. I am directed to refer to the Supreme Court's order, [1989 (39) E.L.T., 493 (S.C.)], dated 27-1-1989 in the case of M/s. Ujaqar Prints etc. etc. v. UOI & Others and to say that references have been made by some of the Collectors to the Bo....

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....dated 27-1-1989 clarifies as to what principles are to be applied for determination of assessable value of fabrics processed on job basis. This order was passed by a Constitution Bench of the Supreme Court in the context of the doubts which were raised for clarifying as to the "place and time" of removal for the purpose of computing the assessable value. Doubts were expressed as to whether excise ....

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.... of the processed fabrics u/s the Central Excises & Salt Act. 4. The trader's profit, as such, is not to be included as assessable value. However, the assessable value is to be determined in each case applying the principles laid down in order, dated 27-1-1989 and keeping in view the provisions of Section 4 of the Central Excises Act and the rules made there under information furnished by the t....