https://www.taxtmi.com/caselaws?id=31877 Cenvat credit passed on by BHEL on duty-paid cast tubes cleared for job work could not be treated as additional consideration or flow back for valuing the finished goods manufactured by the job workers. The credit arose only because excise duty had already been paid on the inputs, and the invoice was an excise document, not evidence of a sale transaction or sale consideration between BHEL and the job workers. It was merely a Cenvat mechanism for payment of duty on the final product, not job charges or income of the job workers. On that basis, the proposed enhancement of assessable value and the resulting undervaluation demand were not sustainable. en-us Mon, 30 Jun 2008 00:00:00 +0530 Thu, 25 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31877 Cenvat credit passed on by BHEL on duty-paid cast tubes cleared for job work could not be treated as additional consideration or flow back for valuing the finished goods manufactured by the job workers. The credit arose only because excise duty had already been paid on the inputs, and the invoice was an excise document, not evidence of a sale transaction or sale consideration between BHEL and the job workers. It was merely a Cenvat mechanism for payment of duty on the final product, not job charges or income of the job workers. On that basis, the proposed enhancement of assessable value and the resulting undervaluation demand were not sustainable. Case-Laws Central Excise Mon, 30 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31877