https://www.taxtmi.com/caselaws?id=179549 In a valuation dispute involving goods manufactured through job workers and sold by the principal manufacturer, the tribunal found a prima facie case for waiver of pre-deposit because there was no material showing that the principal manufacturer and the job workers were related or that the price was not the sole consideration. The Chartered Accountant's CAS-4 certificate was treated as unreliable because the cost computation did not properly account for Cenvat credit. Adoption of the highest profit margin of 41.48% was also unsustainable, as the valuation rules contemplate normal transaction value and the record did not justify rejecting the transaction pattern in favour of a highest-price approach. Waiver of pre-deposit and stay of recovery were therefore granted. en-us Tue, 01 Apr 2014 00:00:00 +0530 Fri, 04 Mar 2016 10:54:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179549 In a valuation dispute involving goods manufactured through job workers and sold by the principal manufacturer, the tribunal found a prima facie case for waiver of pre-deposit because there was no material showing that the principal manufacturer and the job workers were related or that the price was not the sole consideration. The Chartered Accountant's CAS-4 certificate was treated as unreliable because the cost computation did not properly account for Cenvat credit. Adoption of the highest profit margin of 41.48% was also unsustainable, as the valuation rules contemplate normal transaction value and the record did not justify rejecting the transaction pattern in favour of a highest-price approach. Waiver of pre-deposit and stay of recovery were therefore granted. Case-Laws Central Excise Tue, 01 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179549