Job worker should be considered as manufacturer subject to arrangement between parties- SC

CA Urvashi Porwal Brief of the Case In the case of Commissioner of Central Excise, Goa V/s. M/s Cosme Farma Laboratories Ltd., it has been held by the Hon’ble Supreme Court of India that in case of job work arrangement, the job worker should be considered as manufacturer on the basis of the arrangement between the parties and the assessable value be a sum total of cost of raw material, labour charges and profit of the job worker as stated by the law prevailed during the relevant period. Brief Facts The respondent is a manufacturer of medicaments having license under the provisions of the Dr...