1977 (8) TMI 61

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....ed during the course of personal hearing and have examined the records of the case. 2. Government observe that the assessable value under Section 4 of the Central Excises and Salt Act, 1944 has to be determined in relation to an excisable product as at the time of its removal from the factory. The cost of the raw materials and/or the components used therein form an integral part of the value of ....