https://www.taxtmi.com/caselaws?id=791548 In a job-work valuation dispute, the value of customer-supplied free materials was held not to be automatically includible in the assessable value of intermediate products cleared by the job worker under Rule 4(5) of the Cenvat Credit Rules, 2004, so the related demand could not stand. The extended period of limitation was also unavailable because the assessee had taken a bona fide valuation view and the record did not show suppression or wilful misstatement; consequently, interest and penalty were not sustainable. The order was set aside with consequential relief. en-us Thu, 23 Apr 2026 00:00:00 +0530 Wed, 13 May 2026 08:40:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791548 In a job-work valuation dispute, the value of customer-supplied free materials was held not to be automatically includible in the assessable value of intermediate products cleared by the job worker under Rule 4(5) of the Cenvat Credit Rules, 2004, so the related demand could not stand. The extended period of limitation was also unavailable because the assessee had taken a bona fide valuation view and the record did not show suppression or wilful misstatement; consequently, interest and penalty were not sustainable. The order was set aside with consequential relief. Case-Laws Central Excise Thu, 23 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791548