Rule 8 Not Applicable as Goods Sold to Independent Buyers & Sister Units: CESTAT Kolkata

Steel Authority of India Limited Vs Commissioner of CGST & Central Excise (CESTAT Kolkata) The case involved a dispute regarding the applicability of Rule 8 of the Central Excise Valuation Rules, 2000, in determining the assessable value of steel scrap cleared by the appellant to its sister units. The appellant, engaged in the manufacture of iron and steel products, generated steel scrap during the manufacturing process and cleared such scrap both to independent external buyers and to its own sister units for further use. The appellant consistently determined the assessable value based on ...