https://www.taxtmi.com/caselaws?id=356692 Valuation of captively consumed intermediate goods may be based on prices of comparable goods purchased from other manufacturers where the dispute concerns comparability rather than identity of the goods. The comparable transaction value cannot be rejected outright merely because the suppliers differ; the authority must re-verify the facts, apply the applicable valuation rule, and make reasonable adjustments where required. The assessee must be given an opportunity to produce records and be heard before fresh determination. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 10 Mar 2018 06:55:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356692 Valuation of captively consumed intermediate goods may be based on prices of comparable goods purchased from other manufacturers where the dispute concerns comparability rather than identity of the goods. The comparable transaction value cannot be rejected outright merely because the suppliers differ; the authority must re-verify the facts, apply the applicable valuation rule, and make reasonable adjustments where required. The assessee must be given an opportunity to produce records and be heard before fresh determination. Case-Laws Central Excise Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356692