https://www.taxtmi.com/caselaws?id=97861 For valuation of molasses cleared to private buyers, the higher price charged to cooperative societies could not be adopted as assessable value absent evidence that the declared private sale price was not the full consideration or that the buyers were related to the assessee. The duty demand failed because the Revenue did not establish any favoured price element, undervaluation, or related-party relationship, so the private-party sale price remained the proper basis for assessment. en-us Fri, 18 May 2001 00:00:00 +0530 Wed, 18 Jan 2012 13:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97861 For valuation of molasses cleared to private buyers, the higher price charged to cooperative societies could not be adopted as assessable value absent evidence that the declared private sale price was not the full consideration or that the buyers were related to the assessee. The duty demand failed because the Revenue did not establish any favoured price element, undervaluation, or related-party relationship, so the private-party sale price remained the proper basis for assessment. Case-Laws Central Excise Fri, 18 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97861