https://www.taxtmi.com/caselaws?id=101445 Excisable goods actually sold at the realised tender price must be valued under the statutory sale-price basis where the declared price is not shown to be false, suppressed, or supported by additional consideration. Cost-based valuation under Rule 6(b)(ii) is available only when valuation on actual sale price cannot be applied. In relation to molasses, an incidental by-product of sugar manufacture, the attempt to derive cost by apportioning sugar production costs was rejected. The estimated cost-of-manufacture basis was therefore set aside and the sale-price valuation sustained. en-us Fri, 15 Feb 2002 00:00:00 +0530 Thu, 09 Feb 2012 17:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101445 Excisable goods actually sold at the realised tender price must be valued under the statutory sale-price basis where the declared price is not shown to be false, suppressed, or supported by additional consideration. Cost-based valuation under Rule 6(b)(ii) is available only when valuation on actual sale price cannot be applied. In relation to molasses, an incidental by-product of sugar manufacture, the attempt to derive cost by apportioning sugar production costs was rejected. The estimated cost-of-manufacture basis was therefore set aside and the sale-price valuation sustained. Case-Laws Central Excise Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101445