https://www.taxtmi.com/caselaws?id=330477 Valuation of goods returned from a job worker depended on Rule 12B and the Board circular, not on the assessee's later sale price. The Court accepted the Tribunal's view that once the processed goods were received back from the job worker, duty liability had to be determined at that stage, and the subsequent cutting, stitching, ironing, folding and packing by the assessee did not change the valuation basis. Assessment therefore had to follow the job-work valuation method, with grey fabric value plus job charges, rather than transaction value at final customer clearance. The appeal was rejected. en-us Mon, 18 Jul 2016 00:00:00 +0530 Mon, 14 Nov 2016 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330477 Valuation of goods returned from a job worker depended on Rule 12B and the Board circular, not on the assessee's later sale price. The Court accepted the Tribunal's view that once the processed goods were received back from the job worker, duty liability had to be determined at that stage, and the subsequent cutting, stitching, ironing, folding and packing by the assessee did not change the valuation basis. Assessment therefore had to follow the job-work valuation method, with grey fabric value plus job charges, rather than transaction value at final customer clearance. The appeal was rejected. Case-Laws Central Excise Mon, 18 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330477