https://www.taxtmi.com/circulars?id=719 The Sub Group recommends legislative and rules level changes to close valuation gaps for goods manufactured by job workers: amend Section 2(f) to include both job worker and principal manufacturer within the definition of manufacturer; expand Section 4(3)(b) to treat principal and job worker as related persons; and insert a new Rule 8A in the Valuation Rules providing that where goods manufactured for another are not sold at removal, valuation shall be the transaction value at the place/time of first sale or, if consumed, 110% of cost of production. en-us Tue, 22 Aug 2006 00:00:00 +0530 Sat, 23 Aug 2025 09:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=719 The Sub Group recommends legislative and rules level changes to close valuation gaps for goods manufactured by job workers: amend Section 2(f) to include both job worker and principal manufacturer within the definition of manufacturer; expand Section 4(3)(b) to treat principal and job worker as related persons; and insert a new Rule 8A in the Valuation Rules providing that where goods manufactured for another are not sold at removal, valuation shall be the transaction value at the place/time of first sale or, if consumed, 110% of cost of production. Circulars Central Excise Tue, 22 Aug 2006 00:00:00 +0530 https://www.taxtmi.com/circulars?id=719