https://www.taxtmi.com/caselaws?id=50759 Section 35E review directions must be issued within one year of the order sought to be reviewed, and a limitation objection fails where the record does not show that the direction was made beyond that period. For captively consumed goods, valuation does not proceed by reference to a sale price under Section 4(1)(a); it is determined under Section 4(1)(b) and the valuation rules. Where comparable goods are available, Rule 6(b)(1) applies on that basis, and the cost-of-production method under Rule 6(b)(2) is used only if comparable-goods valuation is unavailable. The higher price charged to another class of buyers was therefore not decisive, and no deduction of profit was warranted. en-us Thu, 22 Mar 2001 00:00:00 +0530 Wed, 08 Sep 2010 13:21:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=50759 Section 35E review directions must be issued within one year of the order sought to be reviewed, and a limitation objection fails where the record does not show that the direction was made beyond that period. For captively consumed goods, valuation does not proceed by reference to a sale price under Section 4(1)(a); it is determined under Section 4(1)(b) and the valuation rules. Where comparable goods are available, Rule 6(b)(1) applies on that basis, and the cost-of-production method under Rule 6(b)(2) is used only if comparable-goods valuation is unavailable. The higher price charged to another class of buyers was therefore not decisive, and no deduction of profit was warranted. Case-Laws Central Excise Thu, 22 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=50759