https://www.taxtmi.com/caselaws?id=447375 Scrap retained by a job worker is not additional consideration for the goods cleared to the principal manufacturer and is therefore not includible in assessable value. CESTAT followed its own earlier decision and settled authority to hold that, where the principal manufacturer further consumes the goods and there is no material change in law, valuation under the job-work framework does not permit adding the money value of retained scrap. On that basis, the demand, with interest and penalty, was set aside as unsustainable. en-us Tue, 12 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447375 Scrap retained by a job worker is not additional consideration for the goods cleared to the principal manufacturer and is therefore not includible in assessable value. CESTAT followed its own earlier decision and settled authority to hold that, where the principal manufacturer further consumes the goods and there is no material change in law, valuation under the job-work framework does not permit adding the money value of retained scrap. On that basis, the demand, with interest and penalty, was set aside as unsustainable. Case-Laws Central Excise Tue, 12 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447375