https://www.taxtmi.com/caselaws?id=206082 The Tribunal upheld the Commissioner's decision, affirming the correct determination of assessable value for goods manufactured on a job work basis. It emphasized adherence to the Supreme Court's guidelines in the Ujagar Prints case, rejecting the Revenue's argument for Rule 8 applicability. The Tribunal confirmed the independent manufacturer's method of valuation, based on raw material cost and processing charges, was appropriate, and dismissed the Revenue's appeal, highlighting the principles of revenue neutrality and limitation. en-us Thu, 28 Apr 2011 00:00:00 +0530 Thu, 24 Oct 2024 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206082 The Tribunal upheld the Commissioner's decision, affirming the correct determination of assessable value for goods manufactured on a job work basis. It emphasized adherence to the Supreme Court's guidelines in the Ujagar Prints case, rejecting the Revenue's argument for Rule 8 applicability. The Tribunal confirmed the independent manufacturer's method of valuation, based on raw material cost and processing charges, was appropriate, and dismissed the Revenue's appeal, highlighting the principles of revenue neutrality and limitation. Case-Laws Central Excise Thu, 28 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206082