https://www.taxtmi.com/caselaws?id=764360 CESTAT Chennai held that valuation of job-worked HDPE plastic caps should be based on cost of materials plus conversion charges, not Rule 10A(iii) read with Rule 8 of Central Excise Valuation Rules, 2000. The tribunal ruled that Rule 8 applies only when goods are consumed by the assessee or on their behalf. Since the appellant job worker did not consume the caps and the principal manufacturer consumed them for their own production (not on appellant's behalf), Rule 8 was inapplicable. The demand was set aside and appeal allowed. en-us Wed, 08 Jan 2025 00:00:00 +0530 Wed, 08 Jan 2025 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764360 CESTAT Chennai held that valuation of job-worked HDPE plastic caps should be based on cost of materials plus conversion charges, not Rule 10A(iii) read with Rule 8 of Central Excise Valuation Rules, 2000. The tribunal ruled that Rule 8 applies only when goods are consumed by the assessee or on their behalf. Since the appellant job worker did not consume the caps and the principal manufacturer consumed them for their own production (not on appellant's behalf), Rule 8 was inapplicable. The demand was set aside and appeal allowed. Case-Laws Central Excise Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764360