https://www.taxtmi.com/caselaws?id=109486 Where captively consumed goods are predominantly used in-house but a small quantity is sold directly in the market, their valuation should be based on the ascertainable market price reflected in those direct sales, and recourse to Section 4(1)(b) of the Central Excise Act, 1944 is not warranted. The duty demand was sustained on that valuation basis. On penalty, where the duty demand fell within the normal period and no further aggravating facts were shown, penalty was not justified and was deleted. en-us Fri, 04 Apr 2003 00:00:00 +0530 Tue, 10 Apr 2012 14:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109486 Where captively consumed goods are predominantly used in-house but a small quantity is sold directly in the market, their valuation should be based on the ascertainable market price reflected in those direct sales, and recourse to Section 4(1)(b) of the Central Excise Act, 1944 is not warranted. The duty demand was sustained on that valuation basis. On penalty, where the duty demand fell within the normal period and no further aggravating facts were shown, penalty was not justified and was deleted. Case-Laws Central Excise Fri, 04 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109486