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2016 (12) TMI 392 - AT - Central ExciseValuation - job work - inter-connected undertakings - rule 8 of Central Excise Valuation Rules 2000 - Held that: - valuation of goods manufactured on job-work under Rule 8 can only be done in a case where the goods are used for captive consumption within the factory or if it is used by other company on their behalf. In the present case, the goods manufactured on job-work by the appellant is neither used by themselves for captive consumption whereas the same is used by other company i.e. M/s Unique Sugar Mills Limited and use by M/s Unique Sugar Mill is not on behalf of the appellant. Therefore, the ingredient of Rule 8 does not exist in the transaction of the present case. Therefore the valuation done by the appellant i.e. cost of raw material + job charges including profit of the job-worker is correct - appeal allowed - decided in favor of appellant-assessee.
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