https://www.taxtmi.com/caselaws?id=469148 Goods manufactured on job work basis and cleared to a trader's depots may be valued under Rule 7 by reference to the depot sale transaction value, rather than by cost construction alone, where the goods are subsequently sold at market prices. The fact that the depots belong to the trader does not take the transaction outside Rule 7. The text also explains that suppression of the actual depot sale prices, despite filing returns on an incorrect valuation basis, can justify invocation of the extended limitation period under Section 11A; such returns do not amount to full and true disclosure. en-us Thu, 18 Dec 2025 00:00:00 +0530 Thu, 04 Jun 2026 21:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469148 Goods manufactured on job work basis and cleared to a trader's depots may be valued under Rule 7 by reference to the depot sale transaction value, rather than by cost construction alone, where the goods are subsequently sold at market prices. The fact that the depots belong to the trader does not take the transaction outside Rule 7. The text also explains that suppression of the actual depot sale prices, despite filing returns on an incorrect valuation basis, can justify invocation of the extended limitation period under Section 11A; such returns do not amount to full and true disclosure. Case-Laws Central Excise Thu, 18 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469148