2004 (6) TMI 89

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....Moheb Ali M., Member (T)]. - The appellants are engaged in processing of fabrics falling under Chapters 52, 54 and 55 of the Central Excise Tariff Act, 1985. They received grey fabrics from various traders for processing on job work basis. During the relevant time the appellant filed price lists in accordance with the law settled by the Apex Court in the case Ujagar Prints v. UOI [1988 (38) E.L.T.....

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....cturing profit while computing the assessable value in terms of the Apex Court's decision cited supra. It is also the allegation that the raw material supplier incurs expenses like transportation costs, insurance charges, octroi etc. etc. and that these costs have a direct baring on the deemed assessable value of the processed fabrics. Therefore it is essential to add a minimum of 10% to the value....

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....rics as received from the merchant-manufacturer and the job charges collected by them to indicate the assessable value of goods cleared by them at their factory gate. The point for consideration is whether any further additions can be made to this value. The lower appellate authority argued that octroi, transportation charges, shrinkages and manufacturer's profit should be added to the value. Inso....