https://www.taxtmi.com/caselaws?id=210584 In excise valuation of job-work goods, the Ujagar Prints formula applies only where the processor and manufacturer deal at arm's length as independent parties. Where the parties are related persons, the valuation must be made under the related-person regime in Section 4(1)(b) of the Central Excise Act, 1944, read with the valuation rules, and not on the basis of the trader's wholesale price. The document notes that transaction value is the normal rule only when goods are sold, price is the sole consideration, and the buyer is not related. It also records that the foundational question of relationship must be examined before selecting the valuation method. en-us Mon, 13 Feb 2012 00:00:00 +0530 Tue, 10 Apr 2012 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210584 In excise valuation of job-work goods, the Ujagar Prints formula applies only where the processor and manufacturer deal at arm's length as independent parties. Where the parties are related persons, the valuation must be made under the related-person regime in Section 4(1)(b) of the Central Excise Act, 1944, read with the valuation rules, and not on the basis of the trader's wholesale price. The document notes that transaction value is the normal rule only when goods are sold, price is the sole consideration, and the buyer is not related. It also records that the foundational question of relationship must be examined before selecting the valuation method. Case-Laws Central Excise Mon, 13 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210584