https://www.taxtmi.com/caselaws?id=335566 Where a valuation rule prescribes sequential methods for captive consumption, the comparable-goods method under Rule 6(b)(i) must be tried first, with reasonable adjustments for relevant differences. Only if value cannot be determined under that method may the cost-based method under Rule 6(b)(ii), including profit, be applied. The authority was required to compare the price of goods sold to independent buyers with the value declared for transfer to the sister unit and then adopt the correct method after giving an opportunity of hearing. The valuation dispute was remitted for fresh determination on that basis. en-us Wed, 21 Sep 2016 00:00:00 +0530 Mon, 06 Feb 2017 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335566 Where a valuation rule prescribes sequential methods for captive consumption, the comparable-goods method under Rule 6(b)(i) must be tried first, with reasonable adjustments for relevant differences. Only if value cannot be determined under that method may the cost-based method under Rule 6(b)(ii), including profit, be applied. The authority was required to compare the price of goods sold to independent buyers with the value declared for transfer to the sister unit and then adopt the correct method after giving an opportunity of hearing. The valuation dispute was remitted for fresh determination on that basis. Case-Laws Central Excise Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335566