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2011 (4) TMI 460 - AT - Central ExciseAssessable value - Rule 8 of Valuation Rules, 2000 - Job work - Held that: the goods manufactured by the job workers were cleared to the premises of the principal manufacturer for captive consumption, the assessable value has to be arrived at in terms of the provisions of Rule 8 - since the person to whom the goods were transferred i.e. M/s. Sai Flipped Coil Pvt. Limited was not selling the goods but was utilizing the same, the assessable value should have been arrived at in the hands of the present appellant at the rate of 110% of the cost of the goods - appellant is an independent manufacturer who had manufactured the goods out of the raw material supplied by M/s. Sai Flipped Coil Pvt. Limited, instead of using its own raw material - Assessee is not the manufacturer and is further consuming the goods captively for his own manufacturing activities - Appeal is rejected
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