https://www.taxtmi.com/caselaws?id=116493 Where goods are manufactured on job work for a principal who remains the owner, assessable value must be computed under the settled job-work formula of landed cost of inputs plus processing charges, including the job worker's profit, and not under Rule 7 of the Central Excise Valuation Rules, 2000. Commission earned under a separate consignment agency arrangement for sales promotion and marketing had no nexus with manufacture and could not be added to the assessable value. On those facts, the duty demand, interest, and penalties were held unsustainable, and the assessee's valuation method was upheld. en-us Thu, 04 Aug 2005 00:00:00 +0530 Wed, 13 Jun 2012 10:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116493 Where goods are manufactured on job work for a principal who remains the owner, assessable value must be computed under the settled job-work formula of landed cost of inputs plus processing charges, including the job worker's profit, and not under Rule 7 of the Central Excise Valuation Rules, 2000. Commission earned under a separate consignment agency arrangement for sales promotion and marketing had no nexus with manufacture and could not be added to the assessable value. On those facts, the duty demand, interest, and penalties were held unsustainable, and the assessee's valuation method was upheld. Case-Laws Central Excise Thu, 04 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116493