https://www.taxtmi.com/caselaws?id=335324 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellants, setting aside the duty demand and penalty imposed by the Revenue. The Tribunal determined that the valuation of intermediate products manufactured on a job work basis for the principal manufacturer should be based on the value at which the principal manufacturer sells the goods, in line with established valuation principles and previous judicial decisions. The Tribunal found Rule 10 A of Valuation Rules, 2000, inapplicable and emphasized the interpretation of Rule 8 in this context. en-us Fri, 28 Oct 2016 00:00:00 +0530 Wed, 30 Nov 2016 12:03:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335324 The Appellate Tribunal CESTAT NEW DELHI ruled in favor of the appellants, setting aside the duty demand and penalty imposed by the Revenue. The Tribunal determined that the valuation of intermediate products manufactured on a job work basis for the principal manufacturer should be based on the value at which the principal manufacturer sells the goods, in line with established valuation principles and previous judicial decisions. The Tribunal found Rule 10 A of Valuation Rules, 2000, inapplicable and emphasized the interpretation of Rule 8 in this context. Case-Laws Central Excise Fri, 28 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335324