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<h1>India Amends Excise Valuation Rules: Rule 8 Sets Value at 110% of Production Cost; Updates for Related Parties and Inter-Connections</h1> The Government of India, through the Ministry of Finance, has amended rules 8, 9, and 10 of the Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2000, effective December 1, 2013. Rule 8 now sets the value of excisable goods used for consumption in production at 110% of the cost of production. Rule 9 revises the valuation of goods sold to related parties to reflect the normal transaction value. Rule 10 updates the valuation process for goods sold through inter-connected undertakings. These amendments aim to refine the valuation process for excisable goods.