https://www.taxtmi.com/caselaws?id=369948 The Tribunal upheld the assessable value of &8377;185/- per quintal for the valuation of molasses for excise duty payment during the relevant period, as determined by the Commissioner (Appeals) based on the average prices of molasses sold by another sugar factory. The appellant's attempt to argue for a lower price was unsuccessful, as they failed to provide evidence supporting their claim. Consequently, the Tribunal rejected the appeal and ruled in favor of the Revenue, confirming the valuation set by the Commissioner (Appeals). en-us Wed, 26 Sep 2018 00:00:00 +0530 Fri, 06 Mar 2020 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369948 The Tribunal upheld the assessable value of &8377;185/- per quintal for the valuation of molasses for excise duty payment during the relevant period, as determined by the Commissioner (Appeals) based on the average prices of molasses sold by another sugar factory. The appellant's attempt to argue for a lower price was unsuccessful, as they failed to provide evidence supporting their claim. Consequently, the Tribunal rejected the appeal and ruled in favor of the Revenue, confirming the valuation set by the Commissioner (Appeals). Case-Laws Central Excise Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369948