2014 (8) TMI 884

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..... presentative (DR) PER : Archana Wadhwa The appellant is engaged in the manufacture of Poly Propylene Multi Filament Yarn as also in the manufacture of Narrow Woven Fabric. A part of the Poly Propylene Multi Filament Yarn was being sold by them to independent wholesale buyers and a substantial quantity of the same was being used captively for further manufacture of Narrow Woven Fabrics. 2. Till .....

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..... ng the same to the other independent buyers. 4. The dispute in the present appeal relates to the valuation of the Poly Propylene Multi Filament Yarn, consumed captively in the manufacture of Narrow Woven Fabrics. Revenue entertained a view that the said yarn should be assessed to duty in terms of provisions of Rule 8 of the Central Excise (Valuation) Rules, which provided the 110% of the cost of .....

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..... plicable only when the entire production of a particular commodity is captively consumed. Where a part of the goods are also being sold to independent buyers, the value at which the same are being sold has to be adopted as the assessable value for payment of duty on the captively consumed items. 7. By following the above decision, we set aside the impugned order and allow the appeal with conseque .....

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