https://www.taxtmi.com/caselaws?id=414516 The Tribunal ruled in favor of the appellant in a case concerning the valuation of prototype vehicles under the Central Excise Valuation Rules, 2000. The dispute revolved around whether Rule 8, which determined the value based on cost of manufacture plus 10% notional profit, applied to prototypes not consumed in the manufacture of other articles. The Tribunal held that Rule 4, based on the price of comparable goods, was appropriate as the prototypes were final products subject to testing and certification before commercial manufacturing. The Tribunal set aside the impugned order, allowing the appeal in favor of the appellant. en-us Tue, 02 Nov 2021 00:00:00 +0530 Wed, 10 Nov 2021 07:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414516 The Tribunal ruled in favor of the appellant in a case concerning the valuation of prototype vehicles under the Central Excise Valuation Rules, 2000. The dispute revolved around whether Rule 8, which determined the value based on cost of manufacture plus 10% notional profit, applied to prototypes not consumed in the manufacture of other articles. The Tribunal held that Rule 4, based on the price of comparable goods, was appropriate as the prototypes were final products subject to testing and certification before commercial manufacturing. The Tribunal set aside the impugned order, allowing the appeal in favor of the appellant. Case-Laws Central Excise Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414516