https://www.taxtmi.com/caselaws?id=72550 Captively used wrapping paper was held assessable to excise on the basis of the normal price applicable to industrial consumers, not the lower dealer price, under Section 4(1)(a) of the Central Excises and Salt Act, 1944. The valuation provision was read as requiring the normal price of comparable goods in the market, and it was not necessary that the very goods must have been sold. Where identical goods had different normal prices, the industrial-consumer price was treated as the closer benchmark for captive industrial use. en-us Fri, 08 Aug 1986 00:00:00 +0530 Fri, 20 May 2011 13:28:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72550 Captively used wrapping paper was held assessable to excise on the basis of the normal price applicable to industrial consumers, not the lower dealer price, under Section 4(1)(a) of the Central Excises and Salt Act, 1944. The valuation provision was read as requiring the normal price of comparable goods in the market, and it was not necessary that the very goods must have been sold. Where identical goods had different normal prices, the industrial-consumer price was treated as the closer benchmark for captive industrial use. Case-Laws Central Excise Fri, 08 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72550