https://www.taxtmi.com/caselaws?id=266080 In job-work manufacture where the job worker is treated as the manufacturer, excise valuation must be based on the cost of raw materials supplied by the brand owner, labour charges and the job worker's profit. The brand owner's sale price is not the assessable value in such a case. Applying the governing Supreme Court ruling on identical facts, the valuation dispute was resolved in favour of job-work basis assessment, and the demand, interest and penalties were held unsustainable. en-us Thu, 23 Apr 2015 00:00:00 +0530 Mon, 14 Nov 2016 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266080 In job-work manufacture where the job worker is treated as the manufacturer, excise valuation must be based on the cost of raw materials supplied by the brand owner, labour charges and the job worker's profit. The brand owner's sale price is not the assessable value in such a case. Applying the governing Supreme Court ruling on identical facts, the valuation dispute was resolved in favour of job-work basis assessment, and the demand, interest and penalties were held unsustainable. Case-Laws Central Excise Thu, 23 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266080