https://www.taxtmi.com/caselaws?id=86657 For excise valuation of goods cleared under Rule 196A(i) and later diverted or resold, assessable value under Section 4 was to be based on the normal price at the time and place of removal. The manufacturer's declared value in the removal documents was the relevant basis for assessment, and the later resale price realised by the assessee did not govern valuation. The Tribunal followed its earlier view in H.M.T. Ltd. on the same valuation issue and upheld the assessment on the declared value rather than the subsequent sale price. en-us Thu, 27 Mar 1997 00:00:00 +0530 Fri, 26 Aug 2011 12:45:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=86657 For excise valuation of goods cleared under Rule 196A(i) and later diverted or resold, assessable value under Section 4 was to be based on the normal price at the time and place of removal. The manufacturer's declared value in the removal documents was the relevant basis for assessment, and the later resale price realised by the assessee did not govern valuation. The Tribunal followed its earlier view in H.M.T. Ltd. on the same valuation issue and upheld the assessment on the declared value rather than the subsequent sale price. Case-Laws Central Excise Thu, 27 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=86657