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TMI BlogBudget 2007 – Central Excise – Valuation in Case of Job WorkX X X X Extracts X X X X X X X X Extracts X X X X ..... Budget 2007 – Central Excise – Valuation in Case of Job Work X X X X Extracts X X X X X X X X Extracts X X X X ..... that where goods are manufactured by a job-worker on behalf of a person (commonly known as principal manufacturer), the value for payment of excise duty would be based on the sale value at which the principal manufacturer sells the goods, as against the present provision where the value is taken as cost of raw material plus the job charges. The liability to pay duty will rest with the job-worker ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as per the present practice. The value in such cases shall be: (a) the 'transaction value of the goods at which they are sold' by the principal manufacturer for delivery at the time of removal of goods from the factory of job-worker, provided that the principal manufacturer and the buyer of the goods are not related and that the price is the sole consideration for the sale. (b) the 'normal tra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nsaction value of goods sold at or about the same time', when sold by the principal manufacturer from a place other than the factory of jobworker, provided that the principal manufacturer and the buyer of the goods are not related and that the price is the sole consideration for the sale. X X X X Extracts X X X X X X X X Extracts X X X X
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