https://www.taxtmi.com/caselaws?id=168113 Free-of-cost capital goods supplied by customers for use in job work need not be added to assessable value for computing the Small Scale Industry exemption limit where the amended terms of Notification No. 214/86-C.E. cover capital goods used in job work. Following the amendment, machinery and similar capital goods were no longer excluded from the notification's scope. Where the goods are received and returned through prescribed Annexure-II challans and records, treating the activity as complete manufacture does not by itself deny the notification benefit if its conditions are otherwise met. On this basis, the excise demand and penalty were unsustainable. en-us Wed, 23 Jun 2010 00:00:00 +0530 Mon, 17 Sep 2018 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168113 Free-of-cost capital goods supplied by customers for use in job work need not be added to assessable value for computing the Small Scale Industry exemption limit where the amended terms of Notification No. 214/86-C.E. cover capital goods used in job work. Following the amendment, machinery and similar capital goods were no longer excluded from the notification's scope. Where the goods are received and returned through prescribed Annexure-II challans and records, treating the activity as complete manufacture does not by itself deny the notification benefit if its conditions are otherwise met. On this basis, the excise demand and penalty were unsustainable. Case-Laws Central Excise Wed, 23 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168113