https://www.taxtmi.com/caselaws?id=165803 Assessable value cannot be fixed without disclosing the material relied on for rejecting declared values, because denial of that basis deprives the assessee of a fair opportunity to respond and vitiates the assessment for breach of natural justice. Valuation under the Central Excise (Valuation) Rules, 1975 must follow the prescribed hierarchy: comparable goods are the primary basis where available, with appropriate adjustments for differences, and costing data is a subsidiary method under Rule 6(b)(ii) only when comparable prices are unavailable. Any additions to costing data or profit margin also require verification and an opportunity to explain. The valuation was therefore set aside and remitted for fresh determination after fair hearing. en-us Thu, 09 Jul 1981 00:00:00 +0530 Tue, 12 Aug 2014 13:04:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165803 Assessable value cannot be fixed without disclosing the material relied on for rejecting declared values, because denial of that basis deprives the assessee of a fair opportunity to respond and vitiates the assessment for breach of natural justice. Valuation under the Central Excise (Valuation) Rules, 1975 must follow the prescribed hierarchy: comparable goods are the primary basis where available, with appropriate adjustments for differences, and costing data is a subsidiary method under Rule 6(b)(ii) only when comparable prices are unavailable. Any additions to costing data or profit margin also require verification and an opportunity to explain. The valuation was therefore set aside and remitted for fresh determination after fair hearing. Case-Laws Central Excise Thu, 09 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165803