https://www.taxtmi.com/caselaws?id=86571 Job work clearances were contrasted with the assessee's own clearances, and the commentary notes that non-compliance with the conditions of Notification 214/86, including the Modvat-linked movement of inputs under Rule 57F(3), supported an inference of suppression and absence of bona fides for limitation purposes. The valuation question was treated as requiring fresh examination because the basis for adding 10% notional profit was not fully analysed under the Section 37B instructions. Penalty and confiscation were considered sustainable in principle, but the monetary consequences were reduced in view of the nature of the activity and the duty involved. en-us Mon, 03 Feb 1997 00:00:00 +0530 Thu, 25 Aug 2011 16:31:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86571 Job work clearances were contrasted with the assessee's own clearances, and the commentary notes that non-compliance with the conditions of Notification 214/86, including the Modvat-linked movement of inputs under Rule 57F(3), supported an inference of suppression and absence of bona fides for limitation purposes. The valuation question was treated as requiring fresh examination because the basis for adding 10% notional profit was not fully analysed under the Section 37B instructions. Penalty and confiscation were considered sustainable in principle, but the monetary consequences were reduced in view of the nature of the activity and the duty involved. Case-Laws Central Excise Mon, 03 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86571