Valuation - prototypes - The similar model vehicles which are ...
Prototypes Not Consumed in Manufacture, Rule 8 of Central Excise Valuation Rules 2000 Not Applicable for Vehicle Prototypes.
November 24, 2018
Case Laws Central Excise AT
Valuation - prototypes - The similar model vehicles which are commercially manufactured can be said to be copies of the prototypes. It cannot be then said that these prototypes are consumed in further manufacture of motor vehicles. Thus Rule 8 of Central Excise Valuation Rules 2000 will not apply to such a situation.
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