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2014 (8) TMI 186 - AT - Central ExciseValuation of goods - Job work - Revenue argued that assessable value in such cases should be based on the raw material cost plus job charges plus profit of the job worker as per settled position of law - Held that:- Valuation of goods manufactured in the case of a job worker has to be based on the cost of the raw materials supplied plus the job charges which also include the profit of the job worker. That is what has been clarified by the CBEC vide Circular No.619/10/2002-CX, dt.19.02.2002 and respondent has correctly paid duty. No evidence has been introduced by the Revenue as to how job worker and the raw material supplier are related persons for the purpose of attracting Rule 8 of the Central Excise Valuation Rules 2000. Even if any additional duty was payable the same was also available as credit to the recipient of goods. It is an exercise entirely covered by the concept of revenue neutrality, as per the case laws relied upon by the respondent. - Decided against Revenue.
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