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<h1>India Amends Excise Valuation Rules: Rule 8 Sets Value at 110% Cost; Rules 9 & 10 Revise Related Party Transactions.</h1> The Government of India, Ministry of Finance, has issued amendments to Rules 8, 9, and 10 of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000, effective from December 1, 2013. Rule 8 now specifies that the value of excisable goods used for consumption in production or manufacture is 110% of the cost. Rule 9 changes the valuation of goods sold to or through related persons to the normal transaction value. Rule 10 modifies the valuation method for goods sold to or through interconnected undertakings. These amendments are communicated to the trade and industry stakeholders.