https://www.taxtmi.com/caselaws?id=115471 For captively consumed molasses, valuation under Rule 6(b)(i) was held to depend on comparable market price where such evidence existed, and a certificate of cost of production could not replace actual market-based valuation; the assessee's valuation at Rs. 401 PMT was therefore accepted and the higher figure was rejected. For molasses sold to independent buyers at the factory gate, the sale price could not be displaced by cost construction in the absence of any proof of undervaluation or extra consideration; accordingly, rejection of the factory gate price was unsustainable. Relief was granted to the assessee in the appeals. en-us Fri, 03 Jun 2005 00:00:00 +0530 Tue, 29 May 2012 18:10:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115471 For captively consumed molasses, valuation under Rule 6(b)(i) was held to depend on comparable market price where such evidence existed, and a certificate of cost of production could not replace actual market-based valuation; the assessee's valuation at Rs. 401 PMT was therefore accepted and the higher figure was rejected. For molasses sold to independent buyers at the factory gate, the sale price could not be displaced by cost construction in the absence of any proof of undervaluation or extra consideration; accordingly, rejection of the factory gate price was unsustainable. Relief was granted to the assessee in the appeals. Case-Laws Central Excise Fri, 03 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115471