https://www.taxtmi.com/caselaws?id=95142 For the 1995-96 period, the Tribunal rejected the Department's assertion that molasses had a transaction or statutory value of Rs. 300 per quintal because no contract, notification, or other instrument fixing that price was produced. In the absence of proof of the higher value, the appellants' realised price of Rs. 200 per quintal, on which duty had been paid, was accepted for present purposes. On that basis, the Tribunal found no ground to insist on pre-deposit of the differential duty as a condition for hearing the statutory appeals and waived the pre-deposit, posting the appeals for final hearing. en-us Fri, 01 Dec 2000 00:00:00 +0530 Thu, 08 Dec 2011 12:28:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95142 For the 1995-96 period, the Tribunal rejected the Department's assertion that molasses had a transaction or statutory value of Rs. 300 per quintal because no contract, notification, or other instrument fixing that price was produced. In the absence of proof of the higher value, the appellants' realised price of Rs. 200 per quintal, on which duty had been paid, was accepted for present purposes. On that basis, the Tribunal found no ground to insist on pre-deposit of the differential duty as a condition for hearing the statutory appeals and waived the pre-deposit, posting the appeals for final hearing. Case-Laws Central Excise Fri, 01 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95142