https://www.taxtmi.com/caselaws?id=1800 Duty demand cannot be sustained where valuation is computed on retail list price or quotation price rather than the legally prescribed excise value. The assessee's reliance on wholesale price evidence, supported by a Chartered Accountant's certificate, required proper valuation under Central Excise law. As the demand had not been correctly worked out in accordance with law, the order was set aside and the matter remanded for de novo adjudication. The original authority was directed to re-examine the value and then consider the remaining issues left open. en-us Tue, 15 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1800 Duty demand cannot be sustained where valuation is computed on retail list price or quotation price rather than the legally prescribed excise value. The assessee's reliance on wholesale price evidence, supported by a Chartered Accountant's certificate, required proper valuation under Central Excise law. As the demand had not been correctly worked out in accordance with law, the order was set aside and the matter remanded for de novo adjudication. The original authority was directed to re-examine the value and then consider the remaining issues left open. Case-Laws Central Excise Tue, 15 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1800