https://www.taxtmi.com/caselaws?id=122540 Brass scrap cleared for job work could not be valued on the basis of higher figures reflected in balance sheets or by comparison with another manufacturer's scrap values, because the transactions were not sales, no extra consideration flowed back, and the converted goods were returned on duty-paid basis. The duty demand was therefore unsustainable on merits. The extended period of limitation also could not be invoked, as the clearances were disclosed in invoices, statutory records and RT-12 returns, the department had access through audit, and the arrangement was revenue neutral. Penalties were likewise unsustainable, and the impugned order was set aside with consequential relief. en-us Wed, 14 Mar 2007 00:00:00 +0530 Tue, 14 Aug 2012 14:48:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122540 Brass scrap cleared for job work could not be valued on the basis of higher figures reflected in balance sheets or by comparison with another manufacturer's scrap values, because the transactions were not sales, no extra consideration flowed back, and the converted goods were returned on duty-paid basis. The duty demand was therefore unsustainable on merits. The extended period of limitation also could not be invoked, as the clearances were disclosed in invoices, statutory records and RT-12 returns, the department had access through audit, and the arrangement was revenue neutral. Penalties were likewise unsustainable, and the impugned order was set aside with consequential relief. Case-Laws Central Excise Wed, 14 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122540