https://www.taxtmi.com/caselaws?id=90809 For goods processed on job work, the settled valuation formula remained applicable even where the grey fabric was supplied by manufacturers rather than traders, because that distinction did not displace the governing principle. The challenge based on Notification No. 305/77-C.E. also failed, as the notification proceeded on a basis inconsistent with the Supreme Court valuation principle relied on for processed goods. The assessable value therefore could not be determined on that notification-based footing, and the valuation adopted by the lower authority was upheld. en-us Wed, 11 Nov 1998 00:00:00 +0530 Tue, 11 Oct 2011 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90809 For goods processed on job work, the settled valuation formula remained applicable even where the grey fabric was supplied by manufacturers rather than traders, because that distinction did not displace the governing principle. The challenge based on Notification No. 305/77-C.E. also failed, as the notification proceeded on a basis inconsistent with the Supreme Court valuation principle relied on for processed goods. The assessable value therefore could not be determined on that notification-based footing, and the valuation adopted by the lower authority was upheld. Case-Laws Central Excise Wed, 11 Nov 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90809