https://www.taxtmi.com/caselaws?id=120229 Assessable value under the Central Excise (Valuation) Rules, 1975 must be determined sequentially by first applying the proviso to Rule 6b(i), including any relevant abatements, adjustments, and nearest comparable price if available, before moving to Rule 6b(ii). The valuation exercise cannot bypass the earlier sub-rule and directly invoke the later one. Where recalculation of assessable value is required, reconsideration of penalty under Section 11AC of the Central Excise Act, 1944 may also follow as a consequential issue. The matter was remanded for fresh valuation in accordance with that sequence, with Rule 6b(ii) to be used only if no nearest price is available. en-us Fri, 03 Jun 2005 00:00:00 +0530 Tue, 17 Jul 2012 16:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120229 Assessable value under the Central Excise (Valuation) Rules, 1975 must be determined sequentially by first applying the proviso to Rule 6b(i), including any relevant abatements, adjustments, and nearest comparable price if available, before moving to Rule 6b(ii). The valuation exercise cannot bypass the earlier sub-rule and directly invoke the later one. Where recalculation of assessable value is required, reconsideration of penalty under Section 11AC of the Central Excise Act, 1944 may also follow as a consequential issue. The matter was remanded for fresh valuation in accordance with that sequence, with Rule 6b(ii) to be used only if no nearest price is available. Case-Laws Central Excise Fri, 03 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120229