https://www.taxtmi.com/caselaws?id=435051 For valuation of goods cleared for captive consumption under excise rules, the comparable price selected must reflect the real value of the goods and retain a conservative, representative character. Where comparable goods of the same assessee or another assessee are used, the chosen price should be a normal price during the relevant period rather than the highest price on a particular date, because using the peak price would distort valuation. The correct measure is therefore the most conservative representative price. On that basis, the Tribunal's valuation was upheld and the revenue's challenge failed. en-us Wed, 01 Mar 2023 00:00:00 +0530 Mon, 26 Jun 2023 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435051 For valuation of goods cleared for captive consumption under excise rules, the comparable price selected must reflect the real value of the goods and retain a conservative, representative character. Where comparable goods of the same assessee or another assessee are used, the chosen price should be a normal price during the relevant period rather than the highest price on a particular date, because using the peak price would distort valuation. The correct measure is therefore the most conservative representative price. On that basis, the Tribunal's valuation was upheld and the revenue's challenge failed. Case-Laws Central Excise Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435051