https://www.taxtmi.com/caselaws?id=116182 PCB sub-assemblies cleared to a buyer for manufacture of TV sets and later returned as finished TVs were not to be valued as ordinary sales under section 4(1)(a). The valuation had to be worked out under the applicable cost-based valuation rules instead. The earlier cost computation was found inconsistent with Circular No. 692/8/2003-C.E. and CAS-4, which require determination of cost of production on a proper basis. The valuation exercise was set aside and the matter remanded for fresh determination after hearing the assessee. en-us Thu, 17 Mar 2005 00:00:00 +0530 Fri, 08 Jun 2012 16:49:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116182 PCB sub-assemblies cleared to a buyer for manufacture of TV sets and later returned as finished TVs were not to be valued as ordinary sales under section 4(1)(a). The valuation had to be worked out under the applicable cost-based valuation rules instead. The earlier cost computation was found inconsistent with Circular No. 692/8/2003-C.E. and CAS-4, which require determination of cost of production on a proper basis. The valuation exercise was set aside and the matter remanded for fresh determination after hearing the assessee. Case-Laws Central Excise Thu, 17 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116182