https://www.taxtmi.com/caselaws?id=107549 For central excise valuation of clearances by a 100% export oriented unit to the domestic tariff area, the article states that Rule 3 transaction value applies only where the price reflects an international sale transaction between buyer and seller. A domestic sale price does not automatically qualify as transaction value merely because it arises from a sale. The valuation basis therefore depended on whether the domestic price corresponded to, or closely approximated, the value of like imported goods; failing that, it could not be accepted as transaction value. Rule 8 remained the proper basis for valuation, and the challenge to the adopted valuation was rejected. en-us Tue, 20 May 2003 00:00:00 +0530 Fri, 23 Mar 2012 13:19:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107549 For central excise valuation of clearances by a 100% export oriented unit to the domestic tariff area, the article states that Rule 3 transaction value applies only where the price reflects an international sale transaction between buyer and seller. A domestic sale price does not automatically qualify as transaction value merely because it arises from a sale. The valuation basis therefore depended on whether the domestic price corresponded to, or closely approximated, the value of like imported goods; failing that, it could not be accepted as transaction value. Rule 8 remained the proper basis for valuation, and the challenge to the adopted valuation was rejected. Case-Laws Central Excise Tue, 20 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107549