https://www.taxtmi.com/caselaws?id=266410 The tribunal held that the price difference between LDPE and LLDPE should be included in the assessable value of goods manufactured on a job-work basis. It ruled in favor of considering the value of LLDPE only for the period of clearance to determine turnover eligibility for exemption under specific notifications. The appellant's eligibility for exemption was impacted by the valuation decision. The tribunal upheld the extended period of limitation and penalty under Section 11AC due to the appellant's willful misstatement, leading to the dismissal of the appeal. Accuracy in valuation methods and compliance with tax laws were emphasized, highlighting the repercussions of non-disclosure on penalties and tax benefits. en-us Mon, 08 Jun 2015 00:00:00 +0530 Mon, 22 Feb 2016 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266410 The tribunal held that the price difference between LDPE and LLDPE should be included in the assessable value of goods manufactured on a job-work basis. It ruled in favor of considering the value of LLDPE only for the period of clearance to determine turnover eligibility for exemption under specific notifications. The appellant's eligibility for exemption was impacted by the valuation decision. The tribunal upheld the extended period of limitation and penalty under Section 11AC due to the appellant's willful misstatement, leading to the dismissal of the appeal. Accuracy in valuation methods and compliance with tax laws were emphasized, highlighting the repercussions of non-disclosure on penalties and tax benefits. Case-Laws Central Excise Mon, 08 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266410