TMI Blog1989 (1) TMI 124X X X X Extracts X X X X X X X X Extracts X X X X ..... atachaliah and S. Ranganathan, JJ. [Order]. - In respect of the civil miscellaneous petition for clarification of this Court's judgment dated 4th November, 1988, it is made clear that the assessable value of the processed fabric would be the value of the grey-cloth in the hands of the processor plus the value of the job work done plus manufacturing profit and manufacturing expenses whatever ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rocessor for processing on job work basis, would give a declaration to the processor as to what would be the price at which he would be selling the processed goods in the market, that would be taken by the Excise authorities as the assessable-value of the processed fabric and excise duty would be charged to the processor on that basis provided that the declaration as to the price at which he would ..... X X X X Extracts X X X X X X X X Extracts X X X X
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