https://www.taxtmi.com/caselaws?id=787183 Valuation for central excise must follow the transaction value principle: the price actually paid or payable is the assessable value and cannot be retrospectively revalued by applying average prices from a different period; therefore revaluation based on average sale prices from sample invoices is impermissible. Allegations of clandestine manufacture, clandestine removals or dual pricing require direct, tangible and corroborative evidence (e.g., unexplained input consumption, excess production records, discovery of unaccounted goods, transport and sales proceeds); mere sample invoices or internal records without corroboration are insufficient. Application of MRP is inappropriate where bulk or free supplies lacked MRP. Denial of SSI exemption lacked evidentiary foundation and is unsustainable. en-us Tue, 24 Feb 2026 00:00:00 +0530 Sat, 28 Feb 2026 08:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787183 Valuation for central excise must follow the transaction value principle: the price actually paid or payable is the assessable value and cannot be retrospectively revalued by applying average prices from a different period; therefore revaluation based on average sale prices from sample invoices is impermissible. Allegations of clandestine manufacture, clandestine removals or dual pricing require direct, tangible and corroborative evidence (e.g., unexplained input consumption, excess production records, discovery of unaccounted goods, transport and sales proceeds); mere sample invoices or internal records without corroboration are insufficient. Application of MRP is inappropriate where bulk or free supplies lacked MRP. Denial of SSI exemption lacked evidentiary foundation and is unsustainable. Case-Laws Central Excise Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787183