https://www.taxtmi.com/caselaws?id=270973 For valuation of gases cleared on stock transfer to the assessee's own unit, Rule 6(b)(i) of the Central Excise (Valuation) Rules, 1975 required use of a proper comparable price from sales to similarly placed independent buyers, with due regard to time, volume and buyer profile. The highest independent sale price could not be treated as the representative value, so reassessment on a normal and conservative comparable-price basis was required. Where differential duty was paid before adjudication on departmental advice and credit certificates were issued, equal penalties were not justified and were set aside. en-us Tue, 06 Oct 2015 00:00:00 +0530 Fri, 18 Nov 2016 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270973 For valuation of gases cleared on stock transfer to the assessee's own unit, Rule 6(b)(i) of the Central Excise (Valuation) Rules, 1975 required use of a proper comparable price from sales to similarly placed independent buyers, with due regard to time, volume and buyer profile. The highest independent sale price could not be treated as the representative value, so reassessment on a normal and conservative comparable-price basis was required. Where differential duty was paid before adjudication on departmental advice and credit certificates were issued, equal penalties were not justified and were set aside. Case-Laws Central Excise Tue, 06 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270973