https://www.taxtmi.com/caselaws?id=94565 The Appellate Tribunal CEGAT, New Delhi, in a case involving M/s. J. Ice Cream Pvt. Ltd. and M/s. Milkfood Ltd., addressed the issue of valuation of goods manufactured on a job work basis. The tribunal ruled that job workers are considered manufacturers under central excise laws. It emphasized that the assessable value should be based on the job worker's costs and charges, but specific agreement terms can influence assessment. Due to financial hardship and the need for further hearings, the tribunal waived duty and penalties for both manufacturers, staying recovery pending appeals. en-us Thu, 02 Mar 2000 00:00:00 +0530 Wed, 23 Nov 2011 14:48:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94565 The Appellate Tribunal CEGAT, New Delhi, in a case involving M/s. J. Ice Cream Pvt. Ltd. and M/s. Milkfood Ltd., addressed the issue of valuation of goods manufactured on a job work basis. The tribunal ruled that job workers are considered manufacturers under central excise laws. It emphasized that the assessable value should be based on the job worker's costs and charges, but specific agreement terms can influence assessment. Due to financial hardship and the need for further hearings, the tribunal waived duty and penalties for both manufacturers, staying recovery pending appeals. Case-Laws Central Excise Thu, 02 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94565