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2016 (12) TMI 1776 - CESTAT MUMBAIValuation - job-work - stock transfer basis - Rule 8 of Central Excise Valuation Rules, 2000 - HELD THAT:- The appellant supplied the bulk detergent powder to their job worker but at the same time they are selling the same product to independent buyers, i.e. Hindustan Lever Ltd. on principal to principal basis. In the transaction of job work, the valuation is governed by Rule 8 in a case where no sale price is available and entire transaction is under job work only. However, in a case where the same goods is sold by the assessee on principal to principal basis then instead of valuation of Rule 8, the sale price to the independent buyer will apply. Appeal dismissed - decided against Revenue.
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