https://www.taxtmi.com/caselaws?id=380615 In job-work valuation, the delivery challan price was treated as the correct assessable value because contemporaneous records showed it was the amount actually recoverable for the grey fabric, while the lower excise declaration was only tentative and unsupported by evidence. On that basis, the differential value justified recovery of central excise duty, with interest and deemed CENVAT credit disallowance following as consequential reliefs. The record also supported invocation of the extended period for misdeclaration. However, the penal consequences were not sustained, and the penalties on both the processor and the supplier were set aside. en-us Tue, 09 Apr 2019 00:00:00 +0530 Sat, 25 May 2019 09:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380615 In job-work valuation, the delivery challan price was treated as the correct assessable value because contemporaneous records showed it was the amount actually recoverable for the grey fabric, while the lower excise declaration was only tentative and unsupported by evidence. On that basis, the differential value justified recovery of central excise duty, with interest and deemed CENVAT credit disallowance following as consequential reliefs. The record also supported invocation of the extended period for misdeclaration. However, the penal consequences were not sustained, and the penalties on both the processor and the supplier were set aside. Case-Laws Central Excise Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380615