https://www.taxtmi.com/caselaws?id=75196 Valuation of excisable goods transferred from a factory to a depot must be based on the price at the time and place of removal under Section 4 of the Central Excise Act, 1944 and the valuation rules. Where depot sales are not available on the relevant date, the nearest relevant depot price may be adopted, but only on evidence showing that such price was lower than the factory gate price. In the absence of proof of lower depot prices, a refund claim for differential duty is not sustainable, and the original valuation based on prices prevailing on the dates of clearance remains effective. en-us Fri, 03 Jul 2009 00:00:00 +0530 Mon, 29 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75196 Valuation of excisable goods transferred from a factory to a depot must be based on the price at the time and place of removal under Section 4 of the Central Excise Act, 1944 and the valuation rules. Where depot sales are not available on the relevant date, the nearest relevant depot price may be adopted, but only on evidence showing that such price was lower than the factory gate price. In the absence of proof of lower depot prices, a refund claim for differential duty is not sustainable, and the original valuation based on prices prevailing on the dates of clearance remains effective. Case-Laws Central Excise Fri, 03 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75196