https://www.taxtmi.com/caselaws?id=50038 In job-work manufacture for a brand owner, assessable value was held to remain on the legally applicable cost-based basis and could not be substituted by the brand owner's wholesale price merely because the brand owner exercised supervision or commercial control. The Tribunal treated the arrangement as covered by the Ujagar Prints line of authority and rejected the principal-agent valuation adopted by the Commissioner, so the differential duty demand failed. Once the duty demand was unsustainable, the penalty also had no independent foundation and could not survive. en-us Fri, 03 Nov 2000 00:00:00 +0530 Thu, 19 Aug 2010 13:19:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50038 In job-work manufacture for a brand owner, assessable value was held to remain on the legally applicable cost-based basis and could not be substituted by the brand owner's wholesale price merely because the brand owner exercised supervision or commercial control. The Tribunal treated the arrangement as covered by the Ujagar Prints line of authority and rejected the principal-agent valuation adopted by the Commissioner, so the differential duty demand failed. Once the duty demand was unsustainable, the penalty also had no independent foundation and could not survive. Case-Laws Central Excise Fri, 03 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50038