2016 (12) TMI 768

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....espondent    ORDER Although ld. Counsel argues  that arise of waste cotton in the course of manufacture shall not be liable to duty, according to the condition of the contract it is clear that the said waste arose in the hands of job worker.  It cannot be said that both parties to the contract had no knowledge of emergence of waste while fixing the job charges.  It was w....

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....d for the principal manufacturer.  2.2  Materials on record reveal that the financial assistance given by the principal manufacturer to the job worker appellant was to serve the above object.  Therefore, the notional interest on the deposit has been rightly computed by the authority and added to the assessable value. 3.  The last count of the argument is that the amount recei....