https://www.taxtmi.com/caselaws?id=441721 The Tribunal ruled in favor of the appellant, a job-worker for M/s. Tata Steel Ltd., in a case involving the application of Rule 8 of the Valuation Rules, 2000 for determining assessable value. The appellant's method of cost + 10% was deemed correct, and the Department's inclusion of VAT/CST/Freight Charges was considered erroneous. The Tribunal dismissed the invocation of the extended period for demanding excise duty, noting proper reflection in monthly returns and the revenue-neutral nature of transactions. Emphasizing revenue neutrality, the Tribunal allowed the appeal, providing relief to the appellant based on merit and limitation considerations. en-us Tue, 18 Jul 2023 00:00:00 +0530 Wed, 16 Aug 2023 08:15:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441721 The Tribunal ruled in favor of the appellant, a job-worker for M/s. Tata Steel Ltd., in a case involving the application of Rule 8 of the Valuation Rules, 2000 for determining assessable value. The appellant's method of cost + 10% was deemed correct, and the Department's inclusion of VAT/CST/Freight Charges was considered erroneous. The Tribunal dismissed the invocation of the extended period for demanding excise duty, noting proper reflection in monthly returns and the revenue-neutral nature of transactions. Emphasizing revenue neutrality, the Tribunal allowed the appeal, providing relief to the appellant based on merit and limitation considerations. Case-Laws Central Excise Tue, 18 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441721