https://www.taxtmi.com/caselaws?id=341245 For job-work clearances covered by Notification No. 27/92-CE (N.T.), duty was payable on the principal manufacturer's declared sale price, and assessable value could not be recomputed by adding differential raw material cost under section 4(1)(a). The cost-construction method was inapplicable where the notification-based valuation route had been adopted. Because the assessee had disclosed the principal manufacturer's sale price in declarations and paid duty accordingly, suppression of facts was not established. The demand was therefore time-barred, and the penalty could not be sustained; the assessee's valuation and disclosure were accepted. en-us Wed, 15 Mar 2017 00:00:00 +0530 Mon, 01 Jan 2018 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341245 For job-work clearances covered by Notification No. 27/92-CE (N.T.), duty was payable on the principal manufacturer's declared sale price, and assessable value could not be recomputed by adding differential raw material cost under section 4(1)(a). The cost-construction method was inapplicable where the notification-based valuation route had been adopted. Because the assessee had disclosed the principal manufacturer's sale price in declarations and paid duty accordingly, suppression of facts was not established. The demand was therefore time-barred, and the penalty could not be sustained; the assessee's valuation and disclosure were accepted. Case-Laws Central Excise Wed, 15 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341245