https://www.taxtmi.com/caselaws?id=258151 The Tribunal ruled in favor of the Revenue in a case concerning the valuation of job work goods for excise duty calculation. It held that the realized value of scrap generated during job work should be added to the assessable value of goods, as it constituted additional consideration received by the respondent. The Tribunal emphasized that all elements of consideration, including job work charges and scrap sale proceeds, should be considered in the valuation. Additionally, the Tribunal rejected the refund claim by the respondent, stating that the payment made without protest was correct and could not be reversed, as it constituted a complete transaction. en-us Thu, 08 Jan 2015 00:00:00 +0530 Tue, 18 Aug 2015 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258151 The Tribunal ruled in favor of the Revenue in a case concerning the valuation of job work goods for excise duty calculation. It held that the realized value of scrap generated during job work should be added to the assessable value of goods, as it constituted additional consideration received by the respondent. The Tribunal emphasized that all elements of consideration, including job work charges and scrap sale proceeds, should be considered in the valuation. Additionally, the Tribunal rejected the refund claim by the respondent, stating that the payment made without protest was correct and could not be reversed, as it constituted a complete transaction. Case-Laws Central Excise Thu, 08 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258151