https://www.taxtmi.com/caselaws?id=445323 CESTAT Bangalore allowed the appeal regarding differential duty recovery with interest and penalty for insulated copper conductors manufactured on job work basis during 2007-2008. The tribunal held that Rule 8 of Central Excise Valuation Rules, 2000 was not applicable to goods manufactured on job work basis for captive consumption by the principal manufacturer. Following SC precedent in Mahindra Ugine Steel Co Ltd case, Rule 11 (residuary provision) applies for valuation of job work goods rather than Rule 8, which applies only when manufacturers use their own captively consumed goods. en-us Fri, 03 Nov 2023 00:00:00 +0530 Mon, 06 Nov 2023 03:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445323 CESTAT Bangalore allowed the appeal regarding differential duty recovery with interest and penalty for insulated copper conductors manufactured on job work basis during 2007-2008. The tribunal held that Rule 8 of Central Excise Valuation Rules, 2000 was not applicable to goods manufactured on job work basis for captive consumption by the principal manufacturer. Following SC precedent in Mahindra Ugine Steel Co Ltd case, Rule 11 (residuary provision) applies for valuation of job work goods rather than Rule 8, which applies only when manufacturers use their own captively consumed goods. Case-Laws Central Excise Fri, 03 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445323