https://www.taxtmi.com/caselaws?id=425684 Retained waste and scrap held by a job worker did not require separate addition to assessable value under section 4 of the Central Excise Act, 1944 where finished goods were cleared on the value fixed by the principal and that value already reflected the transaction components. The Tribunal found no evidence of a distinct unaccounted job-work consideration attributable to the retained waste and scrap, and followed its earlier view in Surindra Steel Rolling Mills, as affirmed by the High Court. On that basis, the demand was not sustainable and the order dropping the demand was upheld, leaving no ground for interference in the Revenue's appeal. en-us Tue, 26 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 21:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425684 Retained waste and scrap held by a job worker did not require separate addition to assessable value under section 4 of the Central Excise Act, 1944 where finished goods were cleared on the value fixed by the principal and that value already reflected the transaction components. The Tribunal found no evidence of a distinct unaccounted job-work consideration attributable to the retained waste and scrap, and followed its earlier view in Surindra Steel Rolling Mills, as affirmed by the High Court. On that basis, the demand was not sustainable and the order dropping the demand was upheld, leaving no ground for interference in the Revenue's appeal. Case-Laws Central Excise Tue, 26 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425684