https://www.taxtmi.com/caselaws?id=204216 Job-work valuation must be confined to the cost of raw materials plus job charges, including the job-worker's profit, and must exclude the merchant-manufacturer's selling price, profit margin and related expenses. Where valuation is attempted on a comparable-price or cost-construction basis, the relevant cost elements must be properly examined and the comparison must relate to the correct goods. The extended period of limitation for suppression applies only on proof of deliberate withholding of material facts with intent to evade duty; a mere omission or incomplete discussion is insufficient when records are available and the matter was earlier examined. en-us Mon, 25 Oct 2010 00:00:00 +0530 Sun, 10 Jul 2011 00:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204216 Job-work valuation must be confined to the cost of raw materials plus job charges, including the job-worker's profit, and must exclude the merchant-manufacturer's selling price, profit margin and related expenses. Where valuation is attempted on a comparable-price or cost-construction basis, the relevant cost elements must be properly examined and the comparison must relate to the correct goods. The extended period of limitation for suppression applies only on proof of deliberate withholding of material facts with intent to evade duty; a mere omission or incomplete discussion is insufficient when records are available and the matter was earlier examined. Case-Laws Central Excise Mon, 25 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204216