https://www.taxtmi.com/caselaws?id=332835 For central excise valuation, debit notes linked to sale transactions are treated as part of transaction value, and non-receipt of the amount from buyers does not reduce duty liability. Free raw materials supplied by buyers are additional consideration and are includible in assessable value. Returned finished goods may be taken back with credit under Rule 16, but if the subsequent process does not amount to manufacture, an amount equal to the credit taken must be paid on re-clearance. The text also notes that credit on returned goods cannot be denied merely for alleged misuse or delay absent proof, while credit on capital goods cleared to another unit may be recoverable. Penalties were discussed under Section 11AC, Rule 15, and Rule 25. en-us Thu, 15 Sep 2016 00:00:00 +0530 Wed, 19 Oct 2016 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332835 For central excise valuation, debit notes linked to sale transactions are treated as part of transaction value, and non-receipt of the amount from buyers does not reduce duty liability. Free raw materials supplied by buyers are additional consideration and are includible in assessable value. Returned finished goods may be taken back with credit under Rule 16, but if the subsequent process does not amount to manufacture, an amount equal to the credit taken must be paid on re-clearance. The text also notes that credit on returned goods cannot be denied merely for alleged misuse or delay absent proof, while credit on capital goods cleared to another unit may be recoverable. Penalties were discussed under Section 11AC, Rule 15, and Rule 25. Case-Laws Central Excise Thu, 15 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332835