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2018 (9) TMI 979 - AT - Central ExciseMethod of Valuation - lagging sheets - manufactured goods cleared to various branches, used in servicing as well as sold to customers - whether the assessable value of the lagging sheets cleared by appellant to their branches/depots for executing various contracts needs to be valued as per the provisions of Rule 7 or Rule 8 of the valuation rules? Held that:- The issue in respect of valuation of the lagging sheets cleared to depots/branches of the appellant now stands settled in their favour by Apex Court’s decision in TEJO ENGINEERING SERVICES PVT. LTD. VERSUS COMMISSIONER OF C. EX., CHENNAI-II [2005 (3) TMI 374 - CESTAT, CHENNAI], where it is held that valuation of lagging sheets needs to be done as per Rule 8 of Valuation Rules. Appeal allowed - decided in favor of assessee.
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