https://www.taxtmi.com/caselaws?id=126713 In job-work valuation, the Tribunal held that cost audit data could be relied on where the assessee itself had suggested its adoption, and that interest and financial charges were not part of cost of production under the relevant cost accounting standard, so they could not be added to assessable value. It also found that other expenses reflected in the cost data were includible, requiring re-computation of duty on that basis. On penalty, the Tribunal held that a job worker with no wilful intention to evade duty could not be visited with penalty under Section 11AC, and the allied penalties and departmental enhancement request therefore failed. en-us Tue, 23 Jun 2009 00:00:00 +0530 Tue, 04 Dec 2012 18:13:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126713 In job-work valuation, the Tribunal held that cost audit data could be relied on where the assessee itself had suggested its adoption, and that interest and financial charges were not part of cost of production under the relevant cost accounting standard, so they could not be added to assessable value. It also found that other expenses reflected in the cost data were includible, requiring re-computation of duty on that basis. On penalty, the Tribunal held that a job worker with no wilful intention to evade duty could not be visited with penalty under Section 11AC, and the allied penalties and departmental enhancement request therefore failed. Case-Laws Central Excise Tue, 23 Jun 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126713