https://www.taxtmi.com/caselaws?id=48786 In a genuine job-work arrangement, assessable value is confined to the grey fabric value plus processing charges, manufacturing expenses and manufacturing profit; the trader's post-manufacturing marketing expenses and profit are excluded. A mere relationship between the trader and the job worker does not justify abandoning the Ujagar Prints valuation method unless it is shown that the relationship depressed the processing charges or altered the transaction at arm's length. On that footing, the trader's selling price could not be adopted for assessment, and the consequential duty demand, interest, penalties and confiscation could not survive. en-us Thu, 06 Apr 2000 00:00:00 +0530 Fri, 06 Aug 2010 14:25:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48786 In a genuine job-work arrangement, assessable value is confined to the grey fabric value plus processing charges, manufacturing expenses and manufacturing profit; the trader's post-manufacturing marketing expenses and profit are excluded. A mere relationship between the trader and the job worker does not justify abandoning the Ujagar Prints valuation method unless it is shown that the relationship depressed the processing charges or altered the transaction at arm's length. On that footing, the trader's selling price could not be adopted for assessment, and the consequential duty demand, interest, penalties and confiscation could not survive. Case-Laws Central Excise Thu, 06 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48786