https://www.taxtmi.com/caselaws?id=343604 Scrap generated at a job worker's premises could not be revalued by adopting the higher price of scrap from the assessee's own factory because no evidence showed a higher actual realisation; duty was correctly computed on the mutually accepted value of Rs. 4 per kg. Cum-duty benefit was allowed for burning loss and irrecoverable scrap where no sale consideration had been recovered, and fresh duty computation was directed on that basis. Penalty under Section 11AC was confined to 25% of the redetermined duty liability relating only to the irrecoverable-loss component. en-us Tue, 23 May 2017 00:00:00 +0530 Mon, 24 Jul 2017 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343604 Scrap generated at a job worker's premises could not be revalued by adopting the higher price of scrap from the assessee's own factory because no evidence showed a higher actual realisation; duty was correctly computed on the mutually accepted value of Rs. 4 per kg. Cum-duty benefit was allowed for burning loss and irrecoverable scrap where no sale consideration had been recovered, and fresh duty computation was directed on that basis. Penalty under Section 11AC was confined to 25% of the redetermined duty liability relating only to the irrecoverable-loss component. Case-Laws Central Excise Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343604