https://www.taxtmi.com/caselaws?id=351586 Job-work valuation under the Central Excise Valuation Rules was examined against a departmental circular, and the Tribunal noted that a circular cannot override the statutory scheme or prior precedent on when Rule 8 applies; on those facts, the adjudicating authority's valuation was upheld. The Tribunal also considered whether sprouts retained by the job worker and sold to third parties formed part of the assessable value of the malt supplied to the principal manufacturer, and held that the value was includible because the sprouts were independently sold and the proceeds were retained by the job worker. Both connected appeals were rejected. en-us Wed, 01 Nov 2017 00:00:00 +0530 Mon, 18 Dec 2017 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351586 Job-work valuation under the Central Excise Valuation Rules was examined against a departmental circular, and the Tribunal noted that a circular cannot override the statutory scheme or prior precedent on when Rule 8 applies; on those facts, the adjudicating authority's valuation was upheld. The Tribunal also considered whether sprouts retained by the job worker and sold to third parties formed part of the assessable value of the malt supplied to the principal manufacturer, and held that the value was includible because the sprouts were independently sold and the proceeds were retained by the job worker. Both connected appeals were rejected. Case-Laws Central Excise Wed, 01 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351586