https://www.taxtmi.com/caselaws?id=391142 Transaction value under the Central Excise Act applies where separately identifiable clearances have ascertainable agreed prices. Nitrogen produced from air and nitrogen produced from liquid nitrogen during power failure were supplied at different contractual prices; valuing all clearances using the liquid nitrogen purchase price or a uniform reconstructed value is unsupported without evidence of additional consideration or suppression. The valuation computation claimed under Rule 6, including free supplies of electricity and water, requires reasoned examination. Assessable value must therefore be redetermined after considering the separate transaction prices and the Rule 6 computation, rather than adopting a uniform value under Rule 11. en-us Tue, 18 Jun 2019 00:00:00 +0530 Tue, 21 Jan 2020 08:15:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391142 Transaction value under the Central Excise Act applies where separately identifiable clearances have ascertainable agreed prices. Nitrogen produced from air and nitrogen produced from liquid nitrogen during power failure were supplied at different contractual prices; valuing all clearances using the liquid nitrogen purchase price or a uniform reconstructed value is unsupported without evidence of additional consideration or suppression. The valuation computation claimed under Rule 6, including free supplies of electricity and water, requires reasoned examination. Assessable value must therefore be redetermined after considering the separate transaction prices and the Rule 6 computation, rather than adopting a uniform value under Rule 11. Case-Laws Central Excise Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391142