https://www.taxtmi.com/caselaws?id=112902 Recording blank audio cassette materials into recorded cassettes is treated as manufacture because the process yields a commercially distinct product with a separate identity, name and market use. In job-work valuation, the assessable value must include the cost of the master tape, inlay cards and other supplied inputs, with the master tape cost amortised over the number of copies produced. Where valuation is based on an incorrect basis, the demand must be recomputed accordingly, and penalties cannot be sustained until the demand is redetermined on the proper valuation basis. en-us Mon, 23 Feb 2004 00:00:00 +0530 Wed, 02 May 2012 15:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=112902 Recording blank audio cassette materials into recorded cassettes is treated as manufacture because the process yields a commercially distinct product with a separate identity, name and market use. In job-work valuation, the assessable value must include the cost of the master tape, inlay cards and other supplied inputs, with the master tape cost amortised over the number of copies produced. Where valuation is based on an incorrect basis, the demand must be recomputed accordingly, and penalties cannot be sustained until the demand is redetermined on the proper valuation basis. Case-Laws Central Excise Mon, 23 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=112902