https://www.taxtmi.com/caselaws?id=101680 Assessable value could not be determined on the existing record because the nature of the finished goods and the character of the bought-out items were not clearly established. Without clear factual findings, the conclusion on includibility of those items in valuation could not be sustained. The appellate authority was required to examine the material facts, apply its mind to the valuation issue, and record a reasoned decision. The impugned order was therefore set aside and the matter remitted for fresh adjudication in accordance with law, leaving the includibility question open for reconsideration on the evidence. en-us Mon, 04 Feb 2002 00:00:00 +0530 Fri, 10 Feb 2012 16:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=101680 Assessable value could not be determined on the existing record because the nature of the finished goods and the character of the bought-out items were not clearly established. Without clear factual findings, the conclusion on includibility of those items in valuation could not be sustained. The appellate authority was required to examine the material facts, apply its mind to the valuation issue, and record a reasoned decision. The impugned order was therefore set aside and the matter remitted for fresh adjudication in accordance with law, leaving the includibility question open for reconsideration on the evidence. Case-Laws Central Excise Mon, 04 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=101680