https://www.taxtmi.com/caselaws?id=51787 Valuation of goods processed by an independent job worker after amendment of the definition of "place of removal" remains governed by the departmental clarification that the amendment does not alter valuation where processed goods are returned to the supplier. Value must be determined using comparable goods under the applicable valuation rule; where no comparable value exists, it must be based on cost of manufacture plus notional profit to approximate the relevant assessable price. The valuation contention was accepted and the impugned order was set aside. en-us Fri, 19 Apr 2002 00:00:00 +0530 Tue, 28 Sep 2010 12:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51787 Valuation of goods processed by an independent job worker after amendment of the definition of "place of removal" remains governed by the departmental clarification that the amendment does not alter valuation where processed goods are returned to the supplier. Value must be determined using comparable goods under the applicable valuation rule; where no comparable value exists, it must be based on cost of manufacture plus notional profit to approximate the relevant assessable price. The valuation contention was accepted and the impugned order was set aside. Case-Laws Central Excise Fri, 19 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51787