https://www.taxtmi.com/caselaws?id=54530 Lagging sheets were held to be valued under CAS-4 on the manufactured goods alone, so servicing cost and servicing profit could not be added; that valuation issue was remanded for fresh decision. Repacking of imported or bulk-purchased solution was treated as a dutiable process under the tariff and chapter note, so the duty demand was sustained. A demand based on the allegation that Saroth Bonds was a dummy unit failed because an earlier final adjudication had already recognised it as a separate unit. Penalties on the directors were set aside for lack of personal culpability, while the assessee's penalty was retained in reduced form. en-us Tue, 22 Mar 2005 00:00:00 +0530 Wed, 20 Oct 2010 16:07:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54530 Lagging sheets were held to be valued under CAS-4 on the manufactured goods alone, so servicing cost and servicing profit could not be added; that valuation issue was remanded for fresh decision. Repacking of imported or bulk-purchased solution was treated as a dutiable process under the tariff and chapter note, so the duty demand was sustained. A demand based on the allegation that Saroth Bonds was a dummy unit failed because an earlier final adjudication had already recognised it as a separate unit. Penalties on the directors were set aside for lack of personal culpability, while the assessee's penalty was retained in reduced form. Case-Laws Central Excise Tue, 22 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54530