https://www.taxtmi.com/caselaws?id=4030 In job-work valuation, the assessable value includes the landed cost of materials plus job charges and the money value of free supplies or services integral to manufacture. Where the principal supplies jigs, tools, or personnel without cost, their value may be added to the assessable value if the parties deal at arm's length and no mutuality of interest or financial flow back is shown. The commentary also notes that, even where the duty demand is sustained, penalty under the Central Excise Rules may be moderated on equitable grounds, particularly where the unit is sick and the differential duty is limited. en-us Tue, 23 Oct 2007 00:00:00 +0530 Thu, 15 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4030 In job-work valuation, the assessable value includes the landed cost of materials plus job charges and the money value of free supplies or services integral to manufacture. Where the principal supplies jigs, tools, or personnel without cost, their value may be added to the assessable value if the parties deal at arm's length and no mutuality of interest or financial flow back is shown. The commentary also notes that, even where the duty demand is sustained, penalty under the Central Excise Rules may be moderated on equitable grounds, particularly where the unit is sick and the differential duty is limited. Case-Laws Central Excise Tue, 23 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4030