https://www.taxtmi.com/caselaws?id=88449 In valuation under the loan-licence/job-work excise notification, the principal manufacturer's sale price was treated as the starting point, and deductions for interest on receivables, turnover tax and equalised freight were considered allowable in principle under valuation law. The dispute turned on whether the factual conditions for those abatements were proved, including accrual of interest, payment of turnover tax and whether sales were made from the principal's depots. Denial of the abatements without such verification was not justified, so the matter was remitted to the original authority for fresh valuation and factual examination. en-us Mon, 31 Mar 1997 00:00:00 +0530 Sat, 17 Sep 2011 18:11:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=88449 In valuation under the loan-licence/job-work excise notification, the principal manufacturer's sale price was treated as the starting point, and deductions for interest on receivables, turnover tax and equalised freight were considered allowable in principle under valuation law. The dispute turned on whether the factual conditions for those abatements were proved, including accrual of interest, payment of turnover tax and whether sales were made from the principal's depots. Denial of the abatements without such verification was not justified, so the matter was remitted to the original authority for fresh valuation and factual examination. Case-Laws Central Excise Mon, 31 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=88449