https://www.taxtmi.com/caselaws?id=80069 For goods cleared under Rule 196A, excise assessable value was to be based on the value declared by the manufacturer, not on the higher price later realised by the assessee on resale after removal. The Tribunal applied the settled principle that the declared manufacturer's value governed assessment in such transactions and rejected the subsequent sale price as the valuation basis. The assessee therefore obtained relief on valuation. en-us Tue, 29 Aug 1989 00:00:00 +0530 Tue, 14 Jun 2011 14:42:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80069 For goods cleared under Rule 196A, excise assessable value was to be based on the value declared by the manufacturer, not on the higher price later realised by the assessee on resale after removal. The Tribunal applied the settled principle that the declared manufacturer's value governed assessment in such transactions and rejected the subsequent sale price as the valuation basis. The assessee therefore obtained relief on valuation. Case-Laws Central Excise Tue, 29 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80069