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
CESTAT - CESTAT Bangalore - CESTAT Upholds Ujagar Prints Method - Ujagar Prints Method - Ujagar Prints - taxscan

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…

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