AI Overview...
-
Raw Material Cost Increases in Religious and Industrial Contexts - Several reports highlight that rising raw material costs have prompted increases in service or product rates, such as 'Unniyappam Vazhipadu' and Ganapathy Appam Vazhipadu, with authorities recognizing the necessity due to raw material price hikes TRAVANCORE DEVASWOM BOARD - TDB vs DEPUTY EXAMINER FOR LOCAL FUND AUDIT - Kerala, THE TRAVANCORE DEVASWOM BOARD vs THE DEPUTY EXAMINER FOR LOCAL FUND AUDIT - Kerala.
-
Impact on Procurement and Tenders - A pharmaceutical company was debarred from a tender due to its inability to supply a drug amid increased raw material costs, indicating that raw material price hikes can affect supply chain decisions and tender outcomes BHARAT SERUM AND VACCINES LTD. , Mumbai VS STATE OF MADHYA PRADESH - Madhya Pradesh.
-
Legal and Administrative Responses - Courts and authorities have acknowledged raw material cost increases as valid reasons for non-supply or rate adjustments, with decisions upheld in courts, emphasizing the significance of raw material costs in contractual and legal contexts MICHIGAN RUBBER (INDIA) LTD VS UNION OF INDIA - Delhi.
-
Cost Components and Calculation Methods - Raw material costs form a critical part of manufacturing expenses, such as in the production of liniments and cement, with detailed calculations including labor, overheads, and transport costs, illustrating the comprehensive approach to cost accounting Ram Chemical Industries VS State Of A. P. - Andhra Pradesh, The Associated Cement Companies Ltd. VS Union of India (UOI) - Himachal Pradesh.
-
Taxation and Value Addition - VAT calculations at intermediate production stages subtract raw material costs from selling prices to determine value added, reflecting the importance of raw material costs in taxation and financial analysis State of Karnataka VS B. Raghurama Shetty - Supreme Court, STATE OF KARNATAKA VS RAGHURAMA SHETTY - Karnataka.
-
Government Policy and Cost Revisions - Policy changes, such as increased excise duties, have led to requests for rate revisions to cover additional raw material costs, demonstrating how government policies directly influence raw material pricing and contractual terms M/S MARUTHI POLY BAGS PVT LTD vs M/S KERALA STATE CIVIL SUPPLY CORPORATION LIMITED Advocate - SRI R LAKSHMI NARAYAN, SC, SUPPLYCO ,SRI R LAKSHMI NARAYAN, SC, SUPPLYCO - Kerala.
Analysis and Conclusion:
Raw material costs are a significant factor influencing pricing, procurement, and legal decisions across various sectors. In religious contexts, increases in raw material prices lead to rate adjustments for services, while in industry and manufacturing, they impact costs, tender eligibility, and taxation. Authorities and courts recognize these costs as valid reasons for non-supply or rate hikes. Accurate calculation and acknowledgment of raw material costs are essential for fair pricing, contractual compliance, and tax assessments. Policy changes further affect raw material pricing dynamics, underscoring their centrality in economic and operational planning.
Search Results for "Raw Material Costs"
2023 Supreme(Online)(KER) 26119 • India - High Court of Kerala
ANIL K. NARENDRAN, P. G. Ajithkumar, JJ
material costs, receiving a mixed report from the Ombudsman regarding the allocation of increased costs. ... Issues: Whether the proposed increase in the rate of 'Unniyappam Vazhipadu' and its cost allocation between material and Muthalkoottu ... The Travancore Devaswom Board sought to enhance the rate for 'Unniyappam Vazhipadu' from Rs.30/- to Rs.40/- due to increased raw ... The learned Ombudsman after necessary enquiry, submitted the report suggesting that as though hike in the rate of Vazhipadu is ....
2023 Supreme(Online)(KER) 24522 • India - High Court of Kerala
ANIL K. NARENDRAN, P. G. Ajithkumar, JJ
material costs. ... the Case: The Travancore Devaswom Board sought permission to enhance the rate of Ganapathy Appam Vazhipadu due to rising raw ... The Deputy Devaswom Commissioner, Haripad submitted a report pointing out the necessity to enhance the rate of Ganapathi Appam Vazhiupadu, in view of the hike in the price of raw materials. ... The necessity to enhance the rate of vazhipadu is the hike in the price of raw materials. 6. ... The Deputy Devaswom Commissio....
2022 0 Supreme(MP) 575 • India - Madhya Pradesh
VIVEK RUSIA, AMAR NATH (KESHARWANI)
material costs. ... Case: The petitioner, a pharmaceutical company, was debarred from a tender for failing to supply a drug due to increased raw ... In fact it is clear that the petitioner was not willing to supply the material due to an increase in the cost of raw materials and by not issuing the LOI, respondent No. 2 has indirectly favoured the petitioner. ... The petitioner sent an email dated 13-5-2021 at 7:55 pm showing its inability to serve the quoted item namely Enoxaparin Inj....
2018 0 Supreme(Del) 406 • India - Delhi
NAJMI WAZIRI
The appellant expressed inability to supply due to increased raw material costs. ... Final Decision: The appeal was dismissed, and the court upheld the award, with costs to be paid to the Delhi High Court Mediation ... The appellant’s real reason for non-supply was the sharp increase in the cost of the input raw-material. But only the price of the raw-material had increased. It is not that the same was not available in India so as to render the perf....
1982 0 Supreme(AP) 427 • India - Andhra Pradesh
G.RAMANUJULU NAIDU, B.P.JEEVAN REDDY
material for manufacturing liniments. ... material for manufacturing liniments, therefore, deodourised kerosene is kerosene within the meaning of the Sales Tax Act. ... Pradesh General Sales Tax Act, as there is no organic or chemical change in the kerosene after deodorization, and it can be used as a raw ... Therefore, the costs of deodourised kerosene oil only on raw material costs works out to Rs. 1. 86 per litre. To this when the labour charges, fullers earth cost....
2012 0 Supreme(Del) 611 • India - Delhi
S.MURALIDHAR
material cost for pilot production of 38 STBs at Rs.14,07,547/-, the amount paid for raw material at port for TV Today order at Rs.67,70,697/-, advance paid against testing equipment and raw materials at Rs.39,18,821/-and overheads and various other expenses at Rs.50,17,147/-and the claim for refund ... This included rent and incidental charges of the factory at Rs.8,88,629/-, raw material cost for pilot production of 38 STBs at Rs.14,07,547/-, the amount paid for #HL....
1996 0 Supreme(HP) 5 • India - Himachal Pradesh
S.N.PHUKAN, R.L.KHURANA
of raw material and finished goods arising as a result of substantial expansion or diversification effected by them after the commencement ... that existing industrial units in the selected areas were eligible for transport subsidy in respect of the additional transport costs ... For the purpose of manufacture of cement, the petitioner Company gets raw material, such as, C.C.P. material, play ash, Iron Ore and Gypsum from outside the State of Himachal Pradesh. The finished product, tha....
2018 Supreme(Online)(KER) 64532 • India - High Court of Kerala
SHAJI P.CHALY, J
Post tender acceptance, the government increased excise duty, prompting the petitioner to request higher rates to cover added costs ... It highlighted the need for contract terms to be reconsidered due to changes in government policy affecting costs, leading to a directive ... material costs would not cause any loss to the petitioner. ... The raw material cost obtained from Oil companies, incorporate excise duty and VAT. The method of calculation of rate is clearly explained under clau....
1981 0 Supreme(SC) 202 • India - Supreme Court
A.N.SEN, E.S.VENKATARAMIAH, V.D.TULZAPURKAR
(That is, the raw-material costs used from earlier stages are subtracted from the millers selling price in calculating his "value added" and the VAT tax on value added ................ )" ... 9. ... At every such intermediate stage of production, some utility or value is added to goods which are used as raw materials and at every such stage the raw materials are consumed. Take the case of bread. ... A manufacturer also consumes commodities which are ordinarily called ....
1981 0 Supreme(Kar) 103 • India - Karnataka
A.N.SEN, E.S.VENKATARAMIAH, V.D.TULZAPURKAR
(That is, the raw material costs used from earlier stages are subtracted from the miller's selling price in calculating his "values added" and the VAT tax on value added. . . . . .)" ... At every such intermediate stage of production, some utility or value is added to goods which are used as, raw materials and at every such stage the raw materials are consumed. Take the case of bread. ... A manufacturer also consumes commodities which are ordinarily called r....
Filter by Legal Phrase
