https://www.taxtmi.com/caselaws?id=391142 Assessable value under central excise is based on transaction value where the price for each clearance is ascertainable. Separate agreed prices for nitrogen supplied from air and nitrogen supplied from liquid nitrogen could not be displaced by a uniform reconstructed value under Rule 11 merely by reference to the purchase price of liquid nitrogen, absent evidence of extra consideration or suppression. The article also notes that where the assessee's valuation method under Rule 6, including free supplies such as electricity and water, was not properly examined, the valuation dispute should be reconsidered afresh through de novo adjudication. 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 Assessable value under central excise is based on transaction value where the price for each clearance is ascertainable. Separate agreed prices for nitrogen supplied from air and nitrogen supplied from liquid nitrogen could not be displaced by a uniform reconstructed value under Rule 11 merely by reference to the purchase price of liquid nitrogen, absent evidence of extra consideration or suppression. The article also notes that where the assessee's valuation method under Rule 6, including free supplies such as electricity and water, was not properly examined, the valuation dispute should be reconsidered afresh through de novo adjudication. Case-Laws Central Excise Tue, 18 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391142