https://www.taxtmi.com/caselaws?id=246412 Job work clearances of fabrics had to be valued on the Ujagar Prints cost-plus basis, namely raw material cost, job charges and job worker's profit; losses and notional interest on interest-free loans could not be loaded into assessable value, and any departmental doubt required verification by a Cost Accountant. Clearances to group companies for captive consumption had to be valued under Rule 8 on CAS-IV cost of production, and the Commissioner could not reject the costing standard or add notional interest without fresh statutory verification. The service tax demand on C&F activity also required a finding whether the assessee was the service provider or only the recipient. The order was set aside and remanded for fresh adjudication. en-us Wed, 14 Mar 2012 00:00:00 +0530 Sun, 20 Apr 2014 16:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246412 Job work clearances of fabrics had to be valued on the Ujagar Prints cost-plus basis, namely raw material cost, job charges and job worker's profit; losses and notional interest on interest-free loans could not be loaded into assessable value, and any departmental doubt required verification by a Cost Accountant. Clearances to group companies for captive consumption had to be valued under Rule 8 on CAS-IV cost of production, and the Commissioner could not reject the costing standard or add notional interest without fresh statutory verification. The service tax demand on C&F activity also required a finding whether the assessee was the service provider or only the recipient. The order was set aside and remanded for fresh adjudication. Case-Laws Central Excise Wed, 14 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246412