Demand u/r 11 unsustainable as rule 10(b) of Central Excise Valuation Rules applies

Nalwa Steel & Power Ltd Vs Commmisioner (CESTAT Delhi)

CESTAT Delhi held that once rule 10(b) of the Central Excise Valuation Rules, 1944 gets applicable, residual rule 11 of the Central Excise Valuation Rules, 1944 cannot be applied. Hence, demand confirmed under rule 11 is liable to be set aside.

Facts- The appellant is a manufacturer of TMT bars of various grades and it sold them to independent buyers as well as to two its inter-connected undertakings, namely, M/s J

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