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 a judgment by D.K. Jain and Madan B. Lokur, JJ. condoned delay in Civil Appeal Nos. 1988-1989 of 2012. The appeals were dismissed as no substantial question of law arose for consideration.