Supreme Court Confirms Rule 8 Application for Excise Duty on Goods Used Internally by 100% Export Oriented Units.

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....100% EOU - Valuation - it is clear that in the absence of actual sales in the wholesale market, when goods are captively consumed and not sold, Rule 8 of the Central Excise Rules would have to be followed to determine what would be the amount equal to the duty of excise leviable on like goods - SC....