https://www.taxtmi.com/caselaws?id=753517 CESTAT Bangalore ruled on assessable value determination under Section 4 of Central Excise Act, 1944. Following SC precedent in Ujagar Prints and CBEC circulars, the tribunal held job workers must discharge duty based on landed cost plus processing charges. The demand was upheld on merits where landed cost exceeded declared selling price. However, regarding time limitation, since appellant filed monthly RT-12 returns and price declarations with the department, no suppression of facts was established. Citing Uniworth Textiles SC judgment, the tribunal found no fraud, collusion or willful misstatement to invoke extended limitation under Section 11A proviso. Appeal allowed partially - duty confirmed only for normal limitation period. en-us Mon, 08 Jan 2024 00:00:00 +0530 Tue, 04 Jun 2024 16:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753517 CESTAT Bangalore ruled on assessable value determination under Section 4 of Central Excise Act, 1944. Following SC precedent in Ujagar Prints and CBEC circulars, the tribunal held job workers must discharge duty based on landed cost plus processing charges. The demand was upheld on merits where landed cost exceeded declared selling price. However, regarding time limitation, since appellant filed monthly RT-12 returns and price declarations with the department, no suppression of facts was established. Citing Uniworth Textiles SC judgment, the tribunal found no fraud, collusion or willful misstatement to invoke extended limitation under Section 11A proviso. Appeal allowed partially - duty confirmed only for normal limitation period. Case-Laws Central Excise Mon, 08 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753517