https://www.taxtmi.com/caselaws?id=391058 Declared sale price for excise valuation cannot be rejected unless revenue shows that the price was not the sole consideration, the transaction was not at arm's length, or there was flow back or other legally relevant material. Here, the show cause notice contained no such foundational allegations, so the assessable value could not be re-determined merely because it was lower than manufacturing cost. Reliance on customs proceedings for imported raw materials did not justify revaluation of finished goods, and Ujagar Prints was inapplicable because that case concerned contract manufacture and return of goods to the raw material supplier. en-us Mon, 06 Jan 2020 00:00:00 +0530 Sat, 18 Jan 2020 12:26:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391058 Declared sale price for excise valuation cannot be rejected unless revenue shows that the price was not the sole consideration, the transaction was not at arm's length, or there was flow back or other legally relevant material. Here, the show cause notice contained no such foundational allegations, so the assessable value could not be re-determined merely because it was lower than manufacturing cost. Reliance on customs proceedings for imported raw materials did not justify revaluation of finished goods, and Ujagar Prints was inapplicable because that case concerned contract manufacture and return of goods to the raw material supplier. Case-Laws Central Excise Mon, 06 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391058