https://www.taxtmi.com/caselaws?id=109866 For goods manufactured by a job worker, assessable value is to be determined on the basis of cost of manufacture, subject to verification of the underlying cost figures. The Tribunal accepted this valuation principle and required the assessee to furnish cost evidence to the Assistant Commissioner, who was to examine its acceptability, determine the correct assessable value, and quantify any short-levied duty accordingly. The matter was therefore remitted for factual verification and fresh determination of duty on the verified cost basis. en-us Fri, 23 May 2003 00:00:00 +0530 Thu, 12 Apr 2012 14:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109866 For goods manufactured by a job worker, assessable value is to be determined on the basis of cost of manufacture, subject to verification of the underlying cost figures. The Tribunal accepted this valuation principle and required the assessee to furnish cost evidence to the Assistant Commissioner, who was to examine its acceptability, determine the correct assessable value, and quantify any short-levied duty accordingly. The matter was therefore remitted for factual verification and fresh determination of duty on the verified cost basis. Case-Laws Central Excise Fri, 23 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109866