Supreme Court rules against applying Rule 6(b)(i) to job work goods.

The Supreme Court dismissed the appeal, ruling that Rule 6(b)(i) of the Valuation Rules does not apply to goods manufactured on job work basis and returned to the raw material supplier, citing precedent cases.

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The Supreme Court dismissed the appeal regarding the valuation of goods manufactured on job work basis. The Court held that Rule 6(b)(i) of the Valuation Rules does not apply when goods are produced on job work basis and returned to the raw material supplier. This decision was based on previous judgments, including 'Collector v. Kandivali Metal Works' and 'Commissioner of Central Excise, Pune v. Mahindra Ugine Steel Co. Ltd.'

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