CESTAT upholds Ujagar Prints Method for Valuing Job-Worked Goods, Rejects Rule 8 Application as Goods were Supplied to Principal Manufacturer [Read Order]
Relying on precedents and Supreme Court rulings, the tribunal set aside the demands for differential duty, interest, and penalties, granting consequential relief to the assessee
The Bangalore Bench of Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) upheld the use of the Ujagar Prints method for valuing job-worked goods, rejecting Rule 8 of the Central Excise Valuation Rules, 2000, as inapplicable since the assessee supplied the goods to the principal manufacturer for further production rather than captively consuming…
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
