https://www.taxtmi.com/caselaws?id=82559 Where ferro manganese slag was partly sold and partly captively consumed, the assessable value for captive consumption had to follow the genuine wholesale factory-gate price of comparable goods. Customer-specific contract prices for limited quantities under special conditions could not displace an available approved wholesale price, especially where higher-priced supplies reflected extra processing and expense not incurred for the captively consumed material. The valuation rules did not justify using an isolated contract price when a reasonable wholesale benchmark existed. Accordingly, the captive value was to be taken at the approved wholesale rate, and the higher valuation based on special sales was unsustainable. en-us Mon, 11 Jan 1993 00:00:00 +0530 Tue, 05 Jul 2011 18:27:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=82559 Where ferro manganese slag was partly sold and partly captively consumed, the assessable value for captive consumption had to follow the genuine wholesale factory-gate price of comparable goods. Customer-specific contract prices for limited quantities under special conditions could not displace an available approved wholesale price, especially where higher-priced supplies reflected extra processing and expense not incurred for the captively consumed material. The valuation rules did not justify using an isolated contract price when a reasonable wholesale benchmark existed. Accordingly, the captive value was to be taken at the approved wholesale rate, and the higher valuation based on special sales was unsustainable. Case-Laws Central Excise Mon, 11 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=82559