https://www.taxtmi.com/caselaws?id=353903 In job work valuation, assessable value is determined with reference to the job worker's value addition, including the value of the grey material in the processor's hands, job work charges, manufacturing profit and manufacturing expenses. On that basis, expenses incurred for inward transport, insurance and other overheads relating to free-supplied raw material were treated as part of the assessable value and not excludible. A plea of limitation based on bona fide belief was also rejected because the valuation issue was already settled in law, and the existence of a circular did not sustain non-payment for the relevant period. The demand and penalty were sustained, and the appeal failed. en-us Thu, 11 Jan 2018 00:00:00 +0530 Fri, 23 Feb 2018 15:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353903 In job work valuation, assessable value is determined with reference to the job worker's value addition, including the value of the grey material in the processor's hands, job work charges, manufacturing profit and manufacturing expenses. On that basis, expenses incurred for inward transport, insurance and other overheads relating to free-supplied raw material were treated as part of the assessable value and not excludible. A plea of limitation based on bona fide belief was also rejected because the valuation issue was already settled in law, and the existence of a circular did not sustain non-payment for the relevant period. The demand and penalty were sustained, and the appeal failed. Case-Laws Central Excise Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353903