https://www.taxtmi.com/caselaws?id=456048 The Tribunal set aside the order of the Commissioner (Appeals), allowing the appeal by M/s. Avon Tubes Limited. It determined that the assessable value of steel tubes consumed captively should be based on the sale price to unrelated buyers, not the 115% cost of manufacturing as per Rule 8. The Tribunal emphasized that Rule 8 applies only when goods are not sold. Since a significant portion was sold to independent buyers, the sale price at the time and place of removal was deemed appropriate for valuation, aligning with the Central Excise Act's provisions and relevant precedents. en-us Thu, 02 Sep 2004 00:00:00 +0530 Mon, 24 Jun 2024 17:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456048 The Tribunal set aside the order of the Commissioner (Appeals), allowing the appeal by M/s. Avon Tubes Limited. It determined that the assessable value of steel tubes consumed captively should be based on the sale price to unrelated buyers, not the 115% cost of manufacturing as per Rule 8. The Tribunal emphasized that Rule 8 applies only when goods are not sold. Since a significant portion was sold to independent buyers, the sale price at the time and place of removal was deemed appropriate for valuation, aligning with the Central Excise Act's provisions and relevant precedents. Case-Laws Central Excise Thu, 02 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456048