https://www.taxtmi.com/caselaws?id=2658 Assessable value for captively consumed excisable goods must be fixed by a rational comparable-goods method when normal price is not ascertainable, with reasonable adjustments for relevant differences. The appellate authority cannot merely reject the departmental valuation based on the highest comparable sale price on a particular day without identifying the correct valuation basis. The Court held that such rejection, without substituting a legally sustainable method or determining the nearest ascertainable equivalent, is insufficient. The order was set aside and the matter remanded for fresh determination of the proper assessable value. en-us Mon, 12 Nov 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2658 Assessable value for captively consumed excisable goods must be fixed by a rational comparable-goods method when normal price is not ascertainable, with reasonable adjustments for relevant differences. The appellate authority cannot merely reject the departmental valuation based on the highest comparable sale price on a particular day without identifying the correct valuation basis. The Court held that such rejection, without substituting a legally sustainable method or determining the nearest ascertainable equivalent, is insufficient. The order was set aside and the matter remanded for fresh determination of the proper assessable value. Case-Laws Central Excise Mon, 12 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2658