https://www.taxtmi.com/caselaws?id=52552 The Tribunal granted the application for waiver of pre-deposit of duty and penalty for Copper Wire Bar under Chapter 74 of CETA, 1985. The dispute over assessable value calculation, specifically the inclusion of notional profit, was resolved in favor of the appellants. Relying on precedents, the Tribunal held that a 10% notional profit addition was sufficient, rejecting the department's argument for 15%. The decision aligned with previous cases, emphasizing that the assessable value for goods produced on job work basis should be based on raw material cost plus job work charges. Consequently, the appeal was allowed, overturning the duty confirmation and penalty imposition. en-us Wed, 29 Oct 2003 00:00:00 +0530 Wed, 06 Oct 2010 14:56:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52552 The Tribunal granted the application for waiver of pre-deposit of duty and penalty for Copper Wire Bar under Chapter 74 of CETA, 1985. The dispute over assessable value calculation, specifically the inclusion of notional profit, was resolved in favor of the appellants. Relying on precedents, the Tribunal held that a 10% notional profit addition was sufficient, rejecting the department's argument for 15%. The decision aligned with previous cases, emphasizing that the assessable value for goods produced on job work basis should be based on raw material cost plus job work charges. Consequently, the appeal was allowed, overturning the duty confirmation and penalty imposition. Case-Laws Central Excise Wed, 29 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52552