https://www.taxtmi.com/caselaws?id=246309 Where contemporaneous sales to independent buyers are available, those transactions may be used as the comparable market price for valuing goods cleared to subsidiary units, rather than a lower internal weighted average price. The later payment of duty on cost of production plus 15% did not alter the valuation for the disputed period because the relevant comparison was already available from independent sales. On that basis, the duty demand was confirmed and the penalty under Section 11AC of the Central Excise Act, 1944 was upheld. en-us Thu, 24 Nov 2011 00:00:00 +0530 Sun, 20 Apr 2014 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246309 Where contemporaneous sales to independent buyers are available, those transactions may be used as the comparable market price for valuing goods cleared to subsidiary units, rather than a lower internal weighted average price. The later payment of duty on cost of production plus 15% did not alter the valuation for the disputed period because the relevant comparison was already available from independent sales. On that basis, the duty demand was confirmed and the penalty under Section 11AC of the Central Excise Act, 1944 was upheld. Case-Laws Central Excise Thu, 24 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246309