https://www.taxtmi.com/caselaws?id=116817 The Appellate Tribunal CESTAT, Mumbai, rejected the Revenue's appeal against the decision of the Commissioner (Appeals) regarding the valuation of goods manufactured on job work basis under the Central Excise Act, 1944. The Tribunal emphasized adherence to the valuation rules established by the Supreme Court in the Ujagar Prints case, even after the introduction of the Central Excise Valuation Rules 2000. Citing previous decisions and circulars, the Tribunal concluded that adding a profit margin of 15% was not justified. The appeal lacked merit and was consequently rejected, underscoring the significance of following established valuation rules for such goods. en-us Mon, 24 Oct 2005 00:00:00 +0530 Sat, 16 Jun 2012 18:41:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116817 The Appellate Tribunal CESTAT, Mumbai, rejected the Revenue's appeal against the decision of the Commissioner (Appeals) regarding the valuation of goods manufactured on job work basis under the Central Excise Act, 1944. The Tribunal emphasized adherence to the valuation rules established by the Supreme Court in the Ujagar Prints case, even after the introduction of the Central Excise Valuation Rules 2000. Citing previous decisions and circulars, the Tribunal concluded that adding a profit margin of 15% was not justified. The appeal lacked merit and was consequently rejected, underscoring the significance of following established valuation rules for such goods. Case-Laws Central Excise Mon, 24 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116817