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2008 (4) TMI 318 - SC - Central ExciseValuation of goods - Job work - Place of removal - amendment in the definition of the expression, 'place of removal' - Discrepancy in price declared by the assessee and price at which goods sold - Held that:- if an independent job worker processes the goods and returns it back to the supplier of the goods, the prescription of other 'place of removal' in the Budget will not make any difference in such cases - Tribunal rightly concluded that the amendment carried out in the definition of the expression, 'place of removal' insofar as the facts of this case are concerned will not make any difference - The assessee is a job worker. Raw material is supplied to it and after processing, the manufactured product is sent back to the depots of the supplier, viz., Hindustan Lever Ltd. For such products, valuation can be done on the basis of price of comparable goods under Rule 6(b)(i) or failing that under Rule 6(b)(ii) of the Valuation Rules on the basis of the cost of manufacture plus notional profit, in order to arrive at the nearest ascertainable equivalent of the price [stipulated under Section 4(1)(a)] as contemplated under Section 4(1)(b) of the Central Excise Act, 1944 - Decided against Commissioner.
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