https://www.taxtmi.com/caselaws?id=105347 Valuation under the job-work notification must be based on the proper selling price contemplated by the scheme, and an adjudication that ignores a material second Cost Accountant's report is vulnerable for non-application of mind; the demands and penalties were therefore set aside for fresh adjudication. Conversion of duty-paid coils into strips was treated, on the cited precedent, as not amounting to manufacture where the tariff heading remained unchanged, so the connected duty and Modvat issues also required reconsideration on remand. The impugned orders were remitted for de novo decision after full hearing and consideration of the evidence and precedent. en-us Wed, 10 Oct 2001 00:00:00 +0530 Mon, 05 Mar 2012 13:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105347 Valuation under the job-work notification must be based on the proper selling price contemplated by the scheme, and an adjudication that ignores a material second Cost Accountant's report is vulnerable for non-application of mind; the demands and penalties were therefore set aside for fresh adjudication. Conversion of duty-paid coils into strips was treated, on the cited precedent, as not amounting to manufacture where the tariff heading remained unchanged, so the connected duty and Modvat issues also required reconsideration on remand. The impugned orders were remitted for de novo decision after full hearing and consideration of the evidence and precedent. Case-Laws Central Excise Wed, 10 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105347