https://www.taxtmi.com/caselaws?id=110343 Goods covered by statutory price control must be valued for central excise on the basis of the price fixed by law, because that controlled price is the correct assessable value under the valuation provision. Additional realisations through debit notes do not, by themselves, justify adoption of a higher assessable value where the statutory pricing regime governs the sale. On that footing, the valuation adopted by the assessee was consistent with the law and no short levy arose. en-us Mon, 27 Oct 2003 00:00:00 +0530 Mon, 16 Apr 2012 13:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=110343 Goods covered by statutory price control must be valued for central excise on the basis of the price fixed by law, because that controlled price is the correct assessable value under the valuation provision. Additional realisations through debit notes do not, by themselves, justify adoption of a higher assessable value where the statutory pricing regime governs the sale. On that footing, the valuation adopted by the assessee was consistent with the law and no short levy arose. Case-Laws Central Excise Mon, 27 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=110343