https://www.taxtmi.com/caselaws?id=352818 Where bus bodies are fabricated and mounted on chassis supplied free of cost by the principal manufacturer, the valuation of clearances is governed by Rule 10A of the Central Excise Valuation Rules as a job-work valuation framework, and the demand of duty and interest was sustained. The Tribunal also found the penalty excessive on the peculiar facts and circumstances, so it reduced the penal levy to 50% on equitable considerations. en-us Wed, 01 Nov 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352818 Where bus bodies are fabricated and mounted on chassis supplied free of cost by the principal manufacturer, the valuation of clearances is governed by Rule 10A of the Central Excise Valuation Rules as a job-work valuation framework, and the demand of duty and interest was sustained. The Tribunal also found the penalty excessive on the peculiar facts and circumstances, so it reduced the penal levy to 50% on equitable considerations. Case-Laws Central Excise Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352818