https://www.taxtmi.com/caselaws?id=94441 Captively consumed excisable goods must be valued on the basis of comparable sales where substantially identical goods are sold to independent buyers or franchisees; cost of production applies only if comparable value cannot be determined. The document notes that minor differences such as embossing or other adjustable features do not justify rejecting market-based valuation when relevant sales exist. It also states that sale prices to franchisees may serve as comparable evidence for identical bottles supplied under the same specifications. For jars used in another unit of the same manufacturer, Notification No. 217/86-C.E. and the availability of Modvat credit are discussed as defeating the demand and the basis for extended limitation where suppression is not shown. en-us Fri, 13 Aug 1999 00:00:00 +0530 Tue, 22 Nov 2011 15:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94441 Captively consumed excisable goods must be valued on the basis of comparable sales where substantially identical goods are sold to independent buyers or franchisees; cost of production applies only if comparable value cannot be determined. The document notes that minor differences such as embossing or other adjustable features do not justify rejecting market-based valuation when relevant sales exist. It also states that sale prices to franchisees may serve as comparable evidence for identical bottles supplied under the same specifications. For jars used in another unit of the same manufacturer, Notification No. 217/86-C.E. and the availability of Modvat credit are discussed as defeating the demand and the basis for extended limitation where suppression is not shown. Case-Laws Central Excise Fri, 13 Aug 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94441