https://www.taxtmi.com/caselaws?id=294720 For excisable goods manufactured for a brand owner under a principal-to-principal arrangement, assessable value is determined by the manufacturer's factory-gate clearance price, not the brand owner's later resale price. The Tribunal applied the settled principle that excise duty attaches at manufacture and clearance, and that value added through the brand owner's goodwill cannot be included in the manufacturer's assessable value where the manufacturer does not own or sell under the brand. It also noted that no finding showed the declared valuation failed job-work valuation principles or was below material, labour and profit cost. On that basis, the duty demand, interest and penalty were held unsustainable. en-us Thu, 12 Jul 2018 00:00:00 +0530 Thu, 29 Apr 2021 20:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294720 For excisable goods manufactured for a brand owner under a principal-to-principal arrangement, assessable value is determined by the manufacturer's factory-gate clearance price, not the brand owner's later resale price. The Tribunal applied the settled principle that excise duty attaches at manufacture and clearance, and that value added through the brand owner's goodwill cannot be included in the manufacturer's assessable value where the manufacturer does not own or sell under the brand. It also noted that no finding showed the declared valuation failed job-work valuation principles or was below material, labour and profit cost. On that basis, the duty demand, interest and penalty were held unsustainable. Case-Laws Central Excise Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294720