https://www.taxtmi.com/caselaws?id=123500 Undervaluation of stock transfers to job workers requires evidence of additional consideration, flow-back of money, or another extra-commercial arrangement; differing values for group and unrelated job workers alone do not establish incorrect declared value. Failure to file a valuation declaration does not by itself prove undervaluation. Where goods are dispatched on payment of duty and job workers avail Modvat credit, revenue neutrality may negate an inference of suppression or intent to evade duty. On these facts, the undervaluation allegation and the demand based on suppression or evasion were not sustained. en-us Thu, 21 Jun 2007 00:00:00 +0530 Fri, 14 Sep 2012 16:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123500 Undervaluation of stock transfers to job workers requires evidence of additional consideration, flow-back of money, or another extra-commercial arrangement; differing values for group and unrelated job workers alone do not establish incorrect declared value. Failure to file a valuation declaration does not by itself prove undervaluation. Where goods are dispatched on payment of duty and job workers avail Modvat credit, revenue neutrality may negate an inference of suppression or intent to evade duty. On these facts, the undervaluation allegation and the demand based on suppression or evasion were not sustained. Case-Laws Central Excise Thu, 21 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123500