2013 (1) TMI 723 - SCH - Central Excise

Job Work - Valuation of goods manufactured by job worker - Rule 10(a) of the Central Excise (Valuation) Rules 2000 - Revenue s stand that since the person to whom the goods were transferred i.e. M/s. Sai Flipped Coil Pvt. Limited was not selling the goods but was utilizing the same the assessable value should have been arrived at in the hands of the present appellant at the rate of 110% of the cost of the goods. - Supreme court after condoning the delay dismissed the appeal holding that no substantial question of law arises against the decision of Tribunal wherein it was held that Rule 8 is applicable to the assessee who manufactures the goods and uses the same captively either by himself or on his behalf. The said Rule would have been applicable if M/s. Sai Flipped Coil Pvt. Limited would have manufactured the goods themselves and then used the same captively.

Summary

The Supreme Court, in the case citation 2013 (1) TMI 723 - SC Order, with Justices D.K. Jain and Madan B. Lokur presiding, dismissed Civil Appeal Nos. 1988-1989 of 2012 due to the absence of any significant legal questions for deliberation. The delay in filing was condoned. Appellant(s) were represented by Mr. R.F. Nariman, S.G., Mr. Nakul Dewan, Mr. Farrukh Rasheed, and Mr. B.K. Prasad, while Respondent(s) were represented by Mr. Ramesh Nayar and Mr. Sibo Sankar Mishra.