https://www.taxtmi.com/caselaws?id=92951 For captively consumed excisable goods, valuation under Rule 6(b)(i) of the Central Excise (Valuation) Rules must be based on comparable goods manufactured and sold by other assessees. A consumer's purchase price is not a proper benchmark because the rule requires comparison with manufacturing prices of similar goods, not prices paid in downstream transactions. The adopted valuation basis was therefore incorrect, and the matter was remanded for fresh determination using nearby manufacturers' prices for comparable molasses. en-us Fri, 09 Apr 1999 00:00:00 +0530 Mon, 07 Nov 2011 13:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92951 For captively consumed excisable goods, valuation under Rule 6(b)(i) of the Central Excise (Valuation) Rules must be based on comparable goods manufactured and sold by other assessees. A consumer's purchase price is not a proper benchmark because the rule requires comparison with manufacturing prices of similar goods, not prices paid in downstream transactions. The adopted valuation basis was therefore incorrect, and the matter was remanded for fresh determination using nearby manufacturers' prices for comparable molasses. Case-Laws Central Excise Fri, 09 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92951