https://www.taxtmi.com/caselaws?id=107651 Valuation of goods processed on job work basis must follow the Ujagar Prints principle: assessable value is confined to the cost of raw materials supplied by the trader plus the job worker's processing charges, expenses, and profit. The trader's later wholesale price, or any post-manufacture profit and expenses, cannot be loaded into assessable value merely because the job worker and trader are related persons. On that basis, the differential duty demand lacked legal foundation, and the consequential penalties and confiscation were unsustainable. en-us Mon, 21 Jul 2003 00:00:00 +0530 Sat, 24 Mar 2012 11:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107651 Valuation of goods processed on job work basis must follow the Ujagar Prints principle: assessable value is confined to the cost of raw materials supplied by the trader plus the job worker's processing charges, expenses, and profit. The trader's later wholesale price, or any post-manufacture profit and expenses, cannot be loaded into assessable value merely because the job worker and trader are related persons. On that basis, the differential duty demand lacked legal foundation, and the consequential penalties and confiscation were unsustainable. Case-Laws Central Excise Mon, 21 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107651