https://www.taxtmi.com/caselaws?id=89059 Contractual valuation of batteries supplied with recovered silver could not be treated as normal price under section 4(1)(a) because the silver component was tied to a special recovery and purification arrangement, making the transaction price non-comparable with bullion-market silver. The proper approach was valuation under section 4(1)(b) and the Central Excise (Valuation) Rules, with the nearest ascertainable equivalent determined through the prescribed method and deductions. Bullion price could not be adopted mechanically without that rule-based exercise. The matter therefore required fresh reassessment under the valuation rules, rather than acceptance of the contract price as assessable value. en-us Fri, 22 May 1998 00:00:00 +0530 Fri, 23 Sep 2011 11:34:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89059 Contractual valuation of batteries supplied with recovered silver could not be treated as normal price under section 4(1)(a) because the silver component was tied to a special recovery and purification arrangement, making the transaction price non-comparable with bullion-market silver. The proper approach was valuation under section 4(1)(b) and the Central Excise (Valuation) Rules, with the nearest ascertainable equivalent determined through the prescribed method and deductions. Bullion price could not be adopted mechanically without that rule-based exercise. The matter therefore required fresh reassessment under the valuation rules, rather than acceptance of the contract price as assessable value. Case-Laws Central Excise Fri, 22 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89059