https://www.taxtmi.com/caselaws?id=72419 Assessable value for excisable dyes was to be fixed at the stage at which the goods were actually cleared and sold, not at the wet cake stage. Although both wet cake and formulated dyes were marketable, the relevant excisable goods were the formulated dyes sold in wholesale trade. The correct valuation therefore had to reflect the product in the form and at the time of removal. Refund claims based on valuation at the wet cake stage could not be sustained once assessment was made on the formulated product. en-us Fri, 05 Sep 1986 00:00:00 +0530 Thu, 19 May 2011 13:18:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72419 Assessable value for excisable dyes was to be fixed at the stage at which the goods were actually cleared and sold, not at the wet cake stage. Although both wet cake and formulated dyes were marketable, the relevant excisable goods were the formulated dyes sold in wholesale trade. The correct valuation therefore had to reflect the product in the form and at the time of removal. Refund claims based on valuation at the wet cake stage could not be sustained once assessment was made on the formulated product. Case-Laws Central Excise Fri, 05 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72419