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2017 (3) TMI 847 - AT - Central ExciseValuation - Captively consumed goods - wire - blends flux - appellant claims that the goods are not intermediate goods for the purpose of valuation u/r 8 of Central Excise (Valuation) Rules, 2000. To invoke the Rule, the goods should be first excisable. If that is not excisable, there shall be no application of that Rule. In addition to this condition, there should be marketability of the goods - Held that: - the goods manufactured by the appellant having consumed captively failing the test of excisability and marketability by Revenue, invoking of Rule 8 is inconceivable - having noticed the non-excisability character of the goods, it is considered redundant to make further exercise on the valuation of the non-exicisable goods - appeal allowed - decided in favor of appellant.
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