https://www.taxtmi.com/caselaws?id=791161 Goods manufactured on job work basis and cleared to a principal manufacturer for its own use are not treated as goods consumed by the assessee or on his behalf, so Rule 8 of the Central Excise Valuation Rules, 2000 does not apply. In that situation, valuation must be made on the appropriate job work basis, namely cost of materials plus conversion charges, under Section 4 read with Rule 10A(iii). Applying this principle and following its earlier decision in the same assessee's case, the Tribunal held that adoption of 110% of cost of production was not justified and the demand could not stand. en-us Tue, 05 May 2026 00:00:00 +0530 Thu, 07 May 2026 07:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791161 Goods manufactured on job work basis and cleared to a principal manufacturer for its own use are not treated as goods consumed by the assessee or on his behalf, so Rule 8 of the Central Excise Valuation Rules, 2000 does not apply. In that situation, valuation must be made on the appropriate job work basis, namely cost of materials plus conversion charges, under Section 4 read with Rule 10A(iii). Applying this principle and following its earlier decision in the same assessee's case, the Tribunal held that adoption of 110% of cost of production was not justified and the demand could not stand. Case-Laws Central Excise Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791161