https://www.taxtmi.com/caselaws?id=466038 Where a manufacturer sells part of its produce to unrelated buyers and consumes the balance captively, the correct valuation principle is that the sale price to independent buyers constitutes the assessable value for the captively consumed goods, since both removals are comparable transactions; valuation based on cost of production was rejected and higher duty demands premised on such cost valuation were set aside. Prior tribunal precedents applying sale price as the basis for valuation of captive consumption were applied to support this outcome, resulting in allowance of the appeals. en-us Mon, 01 Aug 2005 00:00:00 +0530 Wed, 21 Jan 2026 16:21:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466038 Where a manufacturer sells part of its produce to unrelated buyers and consumes the balance captively, the correct valuation principle is that the sale price to independent buyers constitutes the assessable value for the captively consumed goods, since both removals are comparable transactions; valuation based on cost of production was rejected and higher duty demands premised on such cost valuation were set aside. Prior tribunal precedents applying sale price as the basis for valuation of captive consumption were applied to support this outcome, resulting in allowance of the appeals. Case-Laws Central Excise Mon, 01 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466038