https://www.taxtmi.com/caselaws?id=99474 Factory-gate sale price of molasses was treated as the normal price for excise valuation because Section 4(1)(a) applies where goods are sold at a price and that price is shown to be the ordinary commercial price. Resort to Section 4(1)(b) and the valuation rules was not justified on mere suspicion or price variation; the department had to establish with evidence that the declared price was not a true commercial price or that the normal price could not be ascertained. In the absence of such factual basis, the direction to apply the valuation rules and remand for de novo re-determination of assessable value was set aside. en-us Wed, 07 Mar 2001 00:00:00 +0530 Fri, 27 Jan 2012 14:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99474 Factory-gate sale price of molasses was treated as the normal price for excise valuation because Section 4(1)(a) applies where goods are sold at a price and that price is shown to be the ordinary commercial price. Resort to Section 4(1)(b) and the valuation rules was not justified on mere suspicion or price variation; the department had to establish with evidence that the declared price was not a true commercial price or that the normal price could not be ascertained. In the absence of such factual basis, the direction to apply the valuation rules and remand for de novo re-determination of assessable value was set aside. Case-Laws Central Excise Wed, 07 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99474