https://www.taxtmi.com/caselaws?id=95503 Where molasses was sold by sugar mills to distilleries without any statutory price fixation, the assessable value for excise could not be raised merely on the basis of a higher price discussed at a meeting presided over by the Chief Minister. In the absence of proof that any additional consideration flowed back from the distilleries to the sugar mills, and where duty had already been paid on the actual sale price realised, the notional higher price could not be treated as the excisable value. The demand for differential excise duty was therefore unsustainable, and the impugned orders were set aside. en-us Tue, 13 Feb 2001 00:00:00 +0530 Tue, 13 Dec 2011 10:19:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95503 Where molasses was sold by sugar mills to distilleries without any statutory price fixation, the assessable value for excise could not be raised merely on the basis of a higher price discussed at a meeting presided over by the Chief Minister. In the absence of proof that any additional consideration flowed back from the distilleries to the sugar mills, and where duty had already been paid on the actual sale price realised, the notional higher price could not be treated as the excisable value. The demand for differential excise duty was therefore unsustainable, and the impugned orders were set aside. Case-Laws Central Excise Tue, 13 Feb 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95503