https://www.taxtmi.com/caselaws?id=246329 For DTA clearances made before 1-3-2002, valuation was governed by the earlier circular applicable to that period, so the later circular could not support the demand. For stock transfers to a sister unit, contemporaneous sales to independent buyers provided the relevant benchmark, and valuation could not be forced under Rule 8 on the facts stated. The excess of equalised freight recovered over actual freight paid was not part of assessable value, because freight is excluded from excise valuation absent inclusion in the price basis. The assessee succeeded on all valuation issues. en-us Mon, 12 Dec 2011 00:00:00 +0530 Sun, 20 Apr 2014 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246329 For DTA clearances made before 1-3-2002, valuation was governed by the earlier circular applicable to that period, so the later circular could not support the demand. For stock transfers to a sister unit, contemporaneous sales to independent buyers provided the relevant benchmark, and valuation could not be forced under Rule 8 on the facts stated. The excess of equalised freight recovered over actual freight paid was not part of assessable value, because freight is excluded from excise valuation absent inclusion in the price basis. The assessee succeeded on all valuation issues. Case-Laws Central Excise Mon, 12 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246329