Goods manufactured on job work basis to be valued as per rule 11 of Central Excise Valuation Rules

Cosmos Conductors Pvt Ltd Vs Commissioner of C.E. (CESTAT Bangalore) CESTAT Bangalore held that rule 11 of Central Excise Valuation Rules, 2000 will be applicable for determination of assessable value of goods manufactured on job work basis. Facts- The appellants are engaged in manufacture of insulated copper conductors falling under Chapter sub-heading 85441190 of the Central Excise Tariff Act, 1985. Also, they undertake manufacture of said goods on job work basis. During the period from 01.04.2007 to 08.09.2008, the appellants had carried out manufacture of said goods on job work basis on i...