https://www.taxtmi.com/caselaws?id=799256 Job-work clearances returned by an independent job worker to the principal manufacturer for further manufacture cannot use the captive-consumption valuation method, because the goods are not consumed by the job worker or on its behalf. Where the prescribed job-work valuation alternatives do not apply, the residuary method requires reasonable cost-plus valuation consistent with Section 4. Assessable value should comprise material cost, processing or conversion charges, and the job worker's profit. This approach excludes differential duty founded on captive-consumption valuation. en-us Thu, 06 Aug 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799256 Job-work clearances returned by an independent job worker to the principal manufacturer for further manufacture cannot use the captive-consumption valuation method, because the goods are not consumed by the job worker or on its behalf. Where the prescribed job-work valuation alternatives do not apply, the residuary method requires reasonable cost-plus valuation consistent with Section 4. Assessable value should comprise material cost, processing or conversion charges, and the job worker's profit. This approach excludes differential duty founded on captive-consumption valuation. Case-Laws Central Excise Thu, 06 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799256