https://www.taxtmi.com/caselaws?id=328090 Goods manufactured on job-work basis were not to be valued under Rule 8 at 115% of cost of production; the proper valuation approach was the job-work principle reflected in the departmental circular and the residuary rule, so that demand was set aside. Quantification based on a flat 92% yield was unsustainable because the agreement required actual yield computation, so the matter was remanded for fresh calculation on actual figures. Outward freight incurred after the place of removal was not includible in assessable value, and re-quantification was directed on proper evidence. Penalties on other parties were deleted, while the job-worker's penalty survived only to the limited extent permissible under the excise rules. en-us Tue, 10 May 2016 00:00:00 +0530 Thu, 01 Feb 2018 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328090 Goods manufactured on job-work basis were not to be valued under Rule 8 at 115% of cost of production; the proper valuation approach was the job-work principle reflected in the departmental circular and the residuary rule, so that demand was set aside. Quantification based on a flat 92% yield was unsustainable because the agreement required actual yield computation, so the matter was remanded for fresh calculation on actual figures. Outward freight incurred after the place of removal was not includible in assessable value, and re-quantification was directed on proper evidence. Penalties on other parties were deleted, while the job-worker's penalty survived only to the limited extent permissible under the excise rules. Case-Laws Central Excise Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328090