1977 (8) TMI 61 - CGOVT - Central Excise

Summary

The Government of India rejected the revision application regarding the assessable value under the Central Excises and Salt Act, 1944, stating that the cost of raw materials must be included in the assessable value of the finished article, regardless of the source of the raw materials. The decision was supported despite contrary views from the Bombay and Calcutta High Courts. (Case citation: 1977 (8) TMI 61 - GOVERNMENT OF INDIA)