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2016 (10) TMI 1130 - AT - Central ExciseValuation - job-work - related concern - depression to the assessable value - Held that: - The order appears to have been passed by learned Commissioner (Appeals) only on presumption without any objective analysis of the valuation of job worked goods made by the assessee for KRVP - In absence of any cogent evidence to establish object of the parties to depress the assessable value, it is not possible to agree with the finding of the learned Commissioner (Appeals), who only passed his order on suspicion particularly on the premise of commonality of the directors - decided in favor of appellant. Even though Revenue says that both the authorities below committed error in law, nothing is demonstrated before us to show the manner how job worked goods were valued by assessee to the detriment of justice. There is also no material on record to show that investigation made any sample test of value of transactions to establish that there was depression to the value of the job worked goods. Appeal allowed - decided in favor of appellant-assessee.
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