https://www.taxtmi.com/caselaws?id=756305 CESTAT Chennai held that under Rule 10A(iii) of Central Excise Valuation Rules 2000, the job worker must include the value of free materials supplied by the principal manufacturer in the assessable value. However, the tribunal found the situation revenue neutral since the principal manufacturer had already availed credit on these inputs and would claim credit on the finished product duty. The demand invoking extended period was set aside as no suppression was established, with penalties also removed. The appellant remains liable for duty and interest only for the normal period. en-us Wed, 31 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:31:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756305 CESTAT Chennai held that under Rule 10A(iii) of Central Excise Valuation Rules 2000, the job worker must include the value of free materials supplied by the principal manufacturer in the assessable value. However, the tribunal found the situation revenue neutral since the principal manufacturer had already availed credit on these inputs and would claim credit on the finished product duty. The demand invoking extended period was set aside as no suppression was established, with penalties also removed. The appellant remains liable for duty and interest only for the normal period. Case-Laws Central Excise Wed, 31 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756305