https://www.taxtmi.com/caselaws?id=94133 Captive consumption valuation of molasses was to be determined under Rule 6(b)(ii) of the Valuation Rules by reference to comparable sales. The department's attempt to raise the assessable value on the basis of higher-priced sales by other sugar mills failed because the materials did not prove that those sales related to molasses of the same grade as the appellant's clearances. The assumption that an earlier higher valuation by the appellant itself established identity of grade was rejected. In the absence of proof that the comparable molasses was of a different grade, the price of Rs. 1100 per tonne remained the proper benchmark. en-us Mon, 09 Oct 2000 00:00:00 +0530 Sat, 19 Nov 2011 12:51:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94133 Captive consumption valuation of molasses was to be determined under Rule 6(b)(ii) of the Valuation Rules by reference to comparable sales. The department's attempt to raise the assessable value on the basis of higher-priced sales by other sugar mills failed because the materials did not prove that those sales related to molasses of the same grade as the appellant's clearances. The assumption that an earlier higher valuation by the appellant itself established identity of grade was rejected. In the absence of proof that the comparable molasses was of a different grade, the price of Rs. 1100 per tonne remained the proper benchmark. Case-Laws Central Excise Mon, 09 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94133