https://www.taxtmi.com/caselaws?id=48011 The Supreme Court allowed the appeal by M/s. New Swadeshi Sugar Mills, holding that the assessable value of sugar molasses sold at Re. 1/- per quintal should not be calculated at Rs. 15/- per quintal as contended by the Department. The Court emphasized that since the Bihar Molasses (Control) Act did not specify a fixed control price but allowed a range for pricing, proviso (ii) of Section 4(1)(a) of the Central Excise Act, dealing with exceptional circumstances for valuation, was inapplicable. The impugned judgment of the Tribunal was set aside, and a refund was ordered to the assessee. en-us Thu, 29 Mar 2007 00:00:00 +0530 Fri, 18 Apr 2014 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48011 The Supreme Court allowed the appeal by M/s. New Swadeshi Sugar Mills, holding that the assessable value of sugar molasses sold at Re. 1/- per quintal should not be calculated at Rs. 15/- per quintal as contended by the Department. The Court emphasized that since the Bihar Molasses (Control) Act did not specify a fixed control price but allowed a range for pricing, proviso (ii) of Section 4(1)(a) of the Central Excise Act, dealing with exceptional circumstances for valuation, was inapplicable. The impugned judgment of the Tribunal was set aside, and a refund was ordered to the assessee. Case-Laws Central Excise Thu, 29 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48011