https://www.taxtmi.com/caselaws?id=116467 For goods manufactured on job work basis, assessable value under the Central Excise Act, 1944 was required to follow the Ujjagar Prints principle under the amended valuation regime. The Tribunal noted that the Board's circular and the valuation rules prescribed application of that principle, and found no basis to substitute the trader principal's sale price as the assessable value. The valuation adopted by the job worker was therefore sustained, and the attempt to assess duty on the trader's sale price was rejected. en-us Wed, 29 Jun 2005 00:00:00 +0530 Tue, 12 Jun 2012 17:26:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116467 For goods manufactured on job work basis, assessable value under the Central Excise Act, 1944 was required to follow the Ujjagar Prints principle under the amended valuation regime. The Tribunal noted that the Board's circular and the valuation rules prescribed application of that principle, and found no basis to substitute the trader principal's sale price as the assessable value. The valuation adopted by the job worker was therefore sustained, and the attempt to assess duty on the trader's sale price was rejected. Case-Laws Central Excise Wed, 29 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116467