https://www.taxtmi.com/caselaws?id=94199 Molasses transferred to an adjacent sister unit for captive consumption could not be valued under section 4(1)(a) because no sale took place during the relevant period. Valuation therefore fell under Rule 6(b)(i) of the Central Excise Valuation Rules, 1975, which requires adoption of comparable goods produced by the assessee or by another assessee in the relevant time period. An isolated sale by the assessee made more than a year earlier was not treated as the nearest equivalent price. Comparable pricing data for public sector units in Andhra Pradesh was accepted as the relevant benchmark, and the assessable value of Rs. 500 per MT was upheld. en-us Tue, 12 Jan 1999 00:00:00 +0530 Sat, 19 Nov 2011 17:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94199 Molasses transferred to an adjacent sister unit for captive consumption could not be valued under section 4(1)(a) because no sale took place during the relevant period. Valuation therefore fell under Rule 6(b)(i) of the Central Excise Valuation Rules, 1975, which requires adoption of comparable goods produced by the assessee or by another assessee in the relevant time period. An isolated sale by the assessee made more than a year earlier was not treated as the nearest equivalent price. Comparable pricing data for public sector units in Andhra Pradesh was accepted as the relevant benchmark, and the assessable value of Rs. 500 per MT was upheld. Case-Laws Central Excise Tue, 12 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94199