https://www.taxtmi.com/caselaws?id=102585 Goods manufactured on job work from raw materials supplied by another person must be valued under the accepted job-work valuation principle, using the cost of raw materials plus job-work charges and profit, rather than the principal's sale price. The document also notes that penalties, confiscation and interest cannot be sustained where the penal or interest provision was not applicable for the relevant period, or where statutory support is lacking on the facts. The earlier-period duty confirmation was left undisturbed, while the later-period duty demand and consequential penal and ancillary liabilities were deleted. en-us Fri, 12 Mar 1999 00:00:00 +0530 Wed, 15 Feb 2012 14:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102585 Goods manufactured on job work from raw materials supplied by another person must be valued under the accepted job-work valuation principle, using the cost of raw materials plus job-work charges and profit, rather than the principal's sale price. The document also notes that penalties, confiscation and interest cannot be sustained where the penal or interest provision was not applicable for the relevant period, or where statutory support is lacking on the facts. The earlier-period duty confirmation was left undisturbed, while the later-period duty demand and consequential penal and ancillary liabilities were deleted. Case-Laws Central Excise Fri, 12 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102585