https://www.taxtmi.com/article/detailed?id=47 Proposed amendments would expressly include principal manufacturers and job workers within the definition of manufacturer, expand "related person" to encompass principal-job worker relationships, and add Rule 8A fixing valuation for job worked goods by reference to the transaction value at the place of sale or, if unsold, by nearest sale or cost plus ten percent for consumption. The article critiques these measures as unnecessary given existing law, highlights practical implementation gaps (definition of job work, data verification, liability allocation, recordkeeping, treatment of limited value addition), and urges a statutory definition of job work plus bespoke valuation sub rules. en-us Thu, 21 Sep 2006 00:00:00 +0530 Sat, 23 Oct 2010 10:58:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=47 Proposed amendments would expressly include principal manufacturers and job workers within the definition of manufacturer, expand "related person" to encompass principal-job worker relationships, and add Rule 8A fixing valuation for job worked goods by reference to the transaction value at the place of sale or, if unsold, by nearest sale or cost plus ten percent for consumption. The article critiques these measures as unnecessary given existing law, highlights practical implementation gaps (definition of job work, data verification, liability allocation, recordkeeping, treatment of limited value addition), and urges a statutory definition of job work plus bespoke valuation sub rules. Articles Central Excise Thu, 21 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=47