https://www.taxtmi.com/caselaws?id=48188 In independent job-work arrangements where the principal supplies raw material and the finished goods are sent to the principal's depots, the amended definition of "place of removal" does not alter valuation. The assessable value must be determined under the excise valuation rules by reference to comparable goods under Rule 6(b)(i); if that is not possible, valuation falls back to Rule 6(b)(ii) on cost of manufacture plus notional profit, to reach the nearest ascertainable equivalent price under Section 4. The Tribunal's view was upheld, and the demand and penalty did not survive. en-us Wed, 30 Apr 2008 00:00:00 +0530 Fri, 18 Apr 2014 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48188 In independent job-work arrangements where the principal supplies raw material and the finished goods are sent to the principal's depots, the amended definition of "place of removal" does not alter valuation. The assessable value must be determined under the excise valuation rules by reference to comparable goods under Rule 6(b)(i); if that is not possible, valuation falls back to Rule 6(b)(ii) on cost of manufacture plus notional profit, to reach the nearest ascertainable equivalent price under Section 4. The Tribunal's view was upheld, and the demand and penalty did not survive. Case-Laws Central Excise Wed, 30 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48188