https://www.taxtmi.com/caselaws?id=1230 In job work valuation of motor vehicle parts, scrap generated from the customer's raw material and retained by the job worker was held includible in assessable value where it formed an additional element affecting the conversion charges. The analysis applied the principle that the full raw material value and conversion element must be considered, and that separate realisation of scrap or payment of excise on scrap does not by itself exclude it from valuation. On limitation, the extended period was available because the assessee did not file price declarations, did not disclose the job-work arrangement, and used invoices that understated the correct assessable value. en-us Tue, 23 Jan 2007 00:00:00 +0530 Tue, 28 Jun 2016 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1230 In job work valuation of motor vehicle parts, scrap generated from the customer's raw material and retained by the job worker was held includible in assessable value where it formed an additional element affecting the conversion charges. The analysis applied the principle that the full raw material value and conversion element must be considered, and that separate realisation of scrap or payment of excise on scrap does not by itself exclude it from valuation. On limitation, the extended period was available because the assessee did not file price declarations, did not disclose the job-work arrangement, and used invoices that understated the correct assessable value. Case-Laws Central Excise Tue, 23 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1230