https://www.taxtmi.com/caselaws?id=125975 For depot clearances, assessable value is determined by reference to the price applicable at the time goods are removed from the factory, not by a later higher resale price from the depot. The commentary notes that a binding departmental circular governing depot valuation must be applied where it covers the dispute, and that later depot sales do not by themselves justify revising the value already declared on removal. It also records that an attempted distinction between replacement market sales and original equipment sales was not supported by the circular or the precedent relied on for valuation. en-us Mon, 12 Jan 2009 00:00:00 +0530 Thu, 01 Nov 2012 10:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125975 For depot clearances, assessable value is determined by reference to the price applicable at the time goods are removed from the factory, not by a later higher resale price from the depot. The commentary notes that a binding departmental circular governing depot valuation must be applied where it covers the dispute, and that later depot sales do not by themselves justify revising the value already declared on removal. It also records that an attempted distinction between replacement market sales and original equipment sales was not supported by the circular or the precedent relied on for valuation. Case-Laws Central Excise Mon, 12 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125975