https://www.taxtmi.com/caselaws?id=363112 The tribunal determined that Sujhan Instruments did not function as a job worker for Honeywell but operated on a 'principal to principal' basis. It held that Sujhan's transactions with Honeywell met the criteria for 'transaction value' under Section 4 (1) (a) of the Central Excise Act, 1944. The penalties imposed on Sujhan and Honeywell were set aside, and the appeals by Sujhan and Honeywell were allowed with consequential benefits. The orders favoring Sujhan by the Commissioner (Appeals) were upheld, and the department's appeals were dismissed. en-us Thu, 21 Jun 2018 00:00:00 +0530 Sat, 16 Nov 2019 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363112 The tribunal determined that Sujhan Instruments did not function as a job worker for Honeywell but operated on a 'principal to principal' basis. It held that Sujhan's transactions with Honeywell met the criteria for 'transaction value' under Section 4 (1) (a) of the Central Excise Act, 1944. The penalties imposed on Sujhan and Honeywell were set aside, and the appeals by Sujhan and Honeywell were allowed with consequential benefits. The orders favoring Sujhan by the Commissioner (Appeals) were upheld, and the department's appeals were dismissed. Case-Laws Central Excise Thu, 21 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363112