https://www.taxtmi.com/caselaws?id=74208 Excise valuation of disputed plywood could not be based on dealer quotations where the quotations were not shown to arise from any tender process, some were undated, and the quoted parties had not inspected the goods. The record did not establish a genuine market basis for valuing defective or rejected plywood, so the authorities were justified in rejecting the claimed assessable value and applying the applicable tariff value for commercial plywood. The differential duty demand was therefore sustained, and the assessee's challenge failed. en-us Thu, 25 Jun 1987 00:00:00 +0530 Tue, 07 Jun 2011 14:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74208 Excise valuation of disputed plywood could not be based on dealer quotations where the quotations were not shown to arise from any tender process, some were undated, and the quoted parties had not inspected the goods. The record did not establish a genuine market basis for valuing defective or rejected plywood, so the authorities were justified in rejecting the claimed assessable value and applying the applicable tariff value for commercial plywood. The differential duty demand was therefore sustained, and the assessee's challenge failed. Case-Laws Central Excise Thu, 25 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74208