https://www.taxtmi.com/caselaws?id=330996 Job-work clearances are valued by applying the settled principles for assessable value under the relevant valuation regime. For the pre-1.7.2000 period, the comparable goods and residuary valuation framework under Rule 7 read with Rule 6(b) of the 1975 Valuation Rules was considered in line with the principle that job-work goods are valued on job charges plus input cost, without adding the buyer's overheads or profit where the parties deal on a principal-to-principal basis. The later valuation rules and circulars were stated not to alter that approach after 1.7.2000, and valuation methods are to converge to a common, reasonable assessable value. en-us Fri, 01 Apr 2016 00:00:00 +0530 Sat, 12 Nov 2016 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330996 Job-work clearances are valued by applying the settled principles for assessable value under the relevant valuation regime. For the pre-1.7.2000 period, the comparable goods and residuary valuation framework under Rule 7 read with Rule 6(b) of the 1975 Valuation Rules was considered in line with the principle that job-work goods are valued on job charges plus input cost, without adding the buyer's overheads or profit where the parties deal on a principal-to-principal basis. The later valuation rules and circulars were stated not to alter that approach after 1.7.2000, and valuation methods are to converge to a common, reasonable assessable value. Case-Laws Central Excise Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330996