CESTAT quashes Excise Duty Demand, Rules Job Work Valuation Must Exclude Principal’s Consumption [Read Order]
The Tribunal ruled that Rule 11 of the Valuation Rules, read with Section 4(1) of the Act, would apply, making the cost-plus methodology the correct approach
By Adwaid M S - On May 22, 2025 11:22 am - 2 mins read
The Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai Bench, has set aside excise duty demands against Smith Enterprises, ruling that valuation for goods manufactured on a job work basis must exclude cases where the final product is consumed by the principal manufacturer and not sold in the open market. The Tribunal held that…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
