TaxTMI 
TaxTMI 
2010 (8) TMI 897
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...., for the Respondent. ORDER The issue for determination in the present appeal is as to whether when the goods are manufactured on job work basis, how the assessable value should be determined. The assessee adopted the value of comparable goods whereas the department contended that the cost construction method should have been followed. In the impugned order, the Commissioner has allowed the appe....
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.... in the case of job work can be determined either on the basis of cost construction method or on the basis of comparable goods. Further, he has also relied upon the decision of Hon'ble Supreme Court in support of his observations that the Board's circular is binding on the officers. Above all, he has also observed that the adjudicating authority had not taken cognizance of the fact that the appell....
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....e also note that the job work was being done by the assessee for RIL only and by adopting sale price of RIL, we do not think there could have been any under-valuation. Further, the observations of original adjudicating authority as regards price shown in the price list of RIL and the price shown in the classification also show that except for the manufacture of November 1995, in which there was an....