https://www.taxtmi.com/forum/issue?id=107464 Galvanisation of iron and steel is treated as manufacture for central excise; job-work charges must be included in the transaction value and attract excise duty, not service tax. Transaction value includes inputs consumed (zinc), job charges and profit. CENVAT credit on zinc used in galvanising can be availed. If the principal supplies raw material under job-work challans and pays excise on final clearance (with required notifications), the job-worker need not pay excise or reverse credit and need not charge service tax, subject to maintaining Annexure V; different rules apply if the principal does not discharge excise. en-us Sun, 12 Oct 2014 01:31:51 +0530 Thu, 23 Jan 2025 15:57:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107464 Galvanisation of iron and steel is treated as manufacture for central excise; job-work charges must be included in the transaction value and attract excise duty, not service tax. Transaction value includes inputs consumed (zinc), job charges and profit. CENVAT credit on zinc used in galvanising can be availed. If the principal supplies raw material under job-work challans and pays excise on final clearance (with required notifications), the job-worker need not pay excise or reverse credit and need not charge service tax, subject to maintaining Annexure V; different rules apply if the principal does not discharge excise. Discussion-Forum Central Excise Sun, 12 Oct 2014 01:31:51 +0530 https://www.taxtmi.com/forum/issue?id=107464