https://www.taxtmi.com/caselaws?id=766943 CESTAT Bangalore held that the appellant's valuation method was proper for job work manufacturing. The tribunal found Rule 8 of Central Excise Valuation Rules, 2000 inapplicable where goods are manufactured on job work basis and supplied to principal manufacturer. The valuation comprising cost of customer-supplied raw materials, self-procured materials, conversion charges, and profit was deemed appropriate. Consequently, the demand for duty, interest, and penalty was not sustainable. Appeal allowed in favor of the appellant. en-us Thu, 13 Feb 2025 00:00:00 +0530 Fri, 07 Mar 2025 08:41:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766943 CESTAT Bangalore held that the appellant's valuation method was proper for job work manufacturing. The tribunal found Rule 8 of Central Excise Valuation Rules, 2000 inapplicable where goods are manufactured on job work basis and supplied to principal manufacturer. The valuation comprising cost of customer-supplied raw materials, self-procured materials, conversion charges, and profit was deemed appropriate. Consequently, the demand for duty, interest, and penalty was not sustainable. Appeal allowed in favor of the appellant. Case-Laws Central Excise Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766943