https://www.taxtmi.com/caselaws?id=52233 Rule 8 of the Central Excise Valuation Rules, 2000 did not apply to goods manufactured on job work for a buyer after 1-7-2000, because that rule covers only goods not sold by the assessee and used by him or on his behalf in the manufacture of other articles. Job work clearances were not captively consumed by the assessee, so the settled valuation principle continued to govern. The Board's circular and the scheme of Rule 11, read with Supreme Court precedent, confirmed that assessable value remained cost of materials plus job charges. On that basis, the duty demand could not be sustained. en-us Tue, 01 Jul 2003 00:00:00 +0530 Mon, 04 Oct 2010 13:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52233 Rule 8 of the Central Excise Valuation Rules, 2000 did not apply to goods manufactured on job work for a buyer after 1-7-2000, because that rule covers only goods not sold by the assessee and used by him or on his behalf in the manufacture of other articles. Job work clearances were not captively consumed by the assessee, so the settled valuation principle continued to govern. The Board's circular and the scheme of Rule 11, read with Supreme Court precedent, confirmed that assessable value remained cost of materials plus job charges. On that basis, the duty demand could not be sustained. Case-Laws Central Excise Tue, 01 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52233