https://www.taxtmi.com/caselaws?id=345328 In job-work valuation, assessable value is to be determined on the settled principle of the cost of raw materials supplied plus job charges, not on the principal manufacturer's selling price; reliance on Notification No. 27/92-CE (NT) for that purpose was rejected, and the job-work valuation was upheld. Machine rental charges for dispensing machines were also held not includible in the assessable value of syrup, following the settled position affirmed by the Supreme Court. On both issues, the demand and penalty sustained by the Commissioner (Appeals) were found unsustainable, and the assessee obtained complete relief. en-us Mon, 19 Jun 2017 00:00:00 +0530 Fri, 14 Jul 2017 06:42:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345328 In job-work valuation, assessable value is to be determined on the settled principle of the cost of raw materials supplied plus job charges, not on the principal manufacturer's selling price; reliance on Notification No. 27/92-CE (NT) for that purpose was rejected, and the job-work valuation was upheld. Machine rental charges for dispensing machines were also held not includible in the assessable value of syrup, following the settled position affirmed by the Supreme Court. On both issues, the demand and penalty sustained by the Commissioner (Appeals) were found unsustainable, and the assessee obtained complete relief. Case-Laws Central Excise Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345328