https://www.taxtmi.com/caselaws?id=44261 Valuation of resin for captive consumption was assessed on market factors at the relevant time after the Department added establishment charges and profits to the declared rate. The Supreme Court held that such a valuation is ordinarily not to be disturbed in appellate jurisdiction unless it is shown to be grossly unreasonable and wholly unsustainable. The challenge to marketability was not pressed, and the Court therefore refused to interfere with the rate adopted by the Revenue and dismissed the appeals. en-us Wed, 29 Mar 1995 00:00:00 +0530 Fri, 25 Jun 2010 11:09:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44261 Valuation of resin for captive consumption was assessed on market factors at the relevant time after the Department added establishment charges and profits to the declared rate. The Supreme Court held that such a valuation is ordinarily not to be disturbed in appellate jurisdiction unless it is shown to be grossly unreasonable and wholly unsustainable. The challenge to marketability was not pressed, and the Court therefore refused to interfere with the rate adopted by the Revenue and dismissed the appeals. Case-Laws Central Excise Wed, 29 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44261