https://www.taxtmi.com/caselaws?id=115397 Rule 8 of the Central Excise Valuation Rules, 2000 applies only to captive consumption by the assessee and could not be used to revalue yarn manufactured on job-work from third-party supplied raw materials. The appropriate valuation principle for such job-work clearances remained the Ujagar Prints method, as reflected in CBEC Circular No. 619/10/2002-CX, unless the Revenue showed that the dealings were not at arm's length. No such evidence was established, so inclusion of the raw material supplier's profit margin was unsustainable and the assessee's valuation method was accepted. en-us Wed, 01 Jun 2005 00:00:00 +0530 Tue, 29 May 2012 13:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115397 Rule 8 of the Central Excise Valuation Rules, 2000 applies only to captive consumption by the assessee and could not be used to revalue yarn manufactured on job-work from third-party supplied raw materials. The appropriate valuation principle for such job-work clearances remained the Ujagar Prints method, as reflected in CBEC Circular No. 619/10/2002-CX, unless the Revenue showed that the dealings were not at arm's length. No such evidence was established, so inclusion of the raw material supplier's profit margin was unsustainable and the assessee's valuation method was accepted. Case-Laws Central Excise Wed, 01 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115397