https://www.taxtmi.com/caselaws?id=340100 For excisable goods cleared to a sister unit and not sold, valuation must follow the Central Excise (Valuation) Rules in sequence. The primary basis is the value of comparable goods manufactured by the assessee or another assessee under Rule 6(b)(i); cost of production with notional profit under Rule 6(b)(ii) applies only if comparable-price data is unavailable. A DPCO price of comparable goods was held to remain a valid sale price for comparison, so it could not be ignored merely because it was price-controlled. The department was therefore not justified in bypassing the comparable-price method and moving directly to cost-based valuation, and the demand was unsustainable. en-us Thu, 23 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340100 For excisable goods cleared to a sister unit and not sold, valuation must follow the Central Excise (Valuation) Rules in sequence. The primary basis is the value of comparable goods manufactured by the assessee or another assessee under Rule 6(b)(i); cost of production with notional profit under Rule 6(b)(ii) applies only if comparable-price data is unavailable. A DPCO price of comparable goods was held to remain a valid sale price for comparison, so it could not be ignored merely because it was price-controlled. The department was therefore not justified in bypassing the comparable-price method and moving directly to cost-based valuation, and the demand was unsustainable. Case-Laws Central Excise Thu, 23 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340100