https://www.taxtmi.com/caselaws?id=2201 The appeals by M/s. Ritika Ltd. involved the valuation of textiles sent directly to retail outlets. The Tribunal ruled that excise assessment cannot be based on retail sale price in this case and directed assessment under Rule 11 with deductions based on costing data or industry averages. The Department's appeal was dismissed, and all matters were remanded for reassessment by the original authority. The judgment clarified the importance of adhering to Central Excise valuation rules and allowing reasonable deductions, emphasizing a fair and accurate assessment process. en-us Wed, 30 May 2007 00:00:00 +0530 Tue, 15 Apr 2008 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2201 The appeals by M/s. Ritika Ltd. involved the valuation of textiles sent directly to retail outlets. The Tribunal ruled that excise assessment cannot be based on retail sale price in this case and directed assessment under Rule 11 with deductions based on costing data or industry averages. The Department's appeal was dismissed, and all matters were remanded for reassessment by the original authority. The judgment clarified the importance of adhering to Central Excise valuation rules and allowing reasonable deductions, emphasizing a fair and accurate assessment process. Case-Laws Central Excise Wed, 30 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2201