https://www.taxtmi.com/caselaws?id=283819 For parts of fire protection systems manufactured on site for turnkey projects, valuation could not be fixed under the ordinary sale-price rule because goods sold in loose form to independent buyers were not comparable with goods deployed in third-party projects. The captive-use provision also did not apply, as the goods were not consumed by the assessee itself. Where normal price under section 4 was not ascertainable, the residual best-judgment method under Rule 7 of the Central Excise (Valuation) Rules, 1975 governed the pre-1 July 2000 period. The lower authority's reliance on a precedent later disapproved by the Supreme Court was therefore unsustainable, and the valuation for that period was set aside. en-us Wed, 02 Jan 2019 00:00:00 +0530 Thu, 14 Nov 2024 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283819 For parts of fire protection systems manufactured on site for turnkey projects, valuation could not be fixed under the ordinary sale-price rule because goods sold in loose form to independent buyers were not comparable with goods deployed in third-party projects. The captive-use provision also did not apply, as the goods were not consumed by the assessee itself. Where normal price under section 4 was not ascertainable, the residual best-judgment method under Rule 7 of the Central Excise (Valuation) Rules, 1975 governed the pre-1 July 2000 period. The lower authority's reliance on a precedent later disapproved by the Supreme Court was therefore unsustainable, and the valuation for that period was set aside. Case-Laws Central Excise Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283819