https://www.taxtmi.com/caselaws?id=104371 Excise valuation is determined at the time and place of removal, based on the condition in which goods are cleared from the assessee's unit. Later wholesale sale price after further processing or trading does not govern assessable value, because subsequent market transactions do not alter the valuation base for excise purposes. On the facts noted, the Supreme Court decision in Bombay Tyre International was treated as inapplicable, and the assessable value was correctly fixed at clearance; no differential duty arose on the later trading price. en-us Mon, 18 May 1998 00:00:00 +0530 Tue, 28 Feb 2012 18:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104371 Excise valuation is determined at the time and place of removal, based on the condition in which goods are cleared from the assessee's unit. Later wholesale sale price after further processing or trading does not govern assessable value, because subsequent market transactions do not alter the valuation base for excise purposes. On the facts noted, the Supreme Court decision in Bombay Tyre International was treated as inapplicable, and the assessable value was correctly fixed at clearance; no differential duty arose on the later trading price. Case-Laws Central Excise Mon, 18 May 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104371