Valuation of Goods by Job Workers in Medicament Production: Include Raw Materials, Labor, and Profit for Excise Tax.

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Full Text of the Document

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....Valuation - Scope of the term Manufacturer - Job worker - Manufacture of medicaments - Once it has been determined that the job workers are the manufacturers, the assessable value of the goods would be a sum total of cost of raw material, labour charges and profit of the job workers - SC....