https://www.taxtmi.com/caselaws?id=51145 Captively consumed grey yarn was not required to be valued on cost of production where the assessee sold a substantial quantity of the same yarn to independent wholesale buyers at a normal price. Because a comparable wholesale sale price was already ascertainable and those sales were undisputed, the normal price under Section 4(1)(a) of the Central Excise Act provided the proper assessable value. Resort to the valuation rules was unnecessary, and cost of production became relevant only if comparable value could not be determined. The captively consumed goods were therefore correctly assessable on the normal/comparable sale price. en-us Wed, 27 Feb 2002 00:00:00 +0530 Thu, 23 Sep 2010 10:15:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51145 Captively consumed grey yarn was not required to be valued on cost of production where the assessee sold a substantial quantity of the same yarn to independent wholesale buyers at a normal price. Because a comparable wholesale sale price was already ascertainable and those sales were undisputed, the normal price under Section 4(1)(a) of the Central Excise Act provided the proper assessable value. Resort to the valuation rules was unnecessary, and cost of production became relevant only if comparable value could not be determined. The captively consumed goods were therefore correctly assessable on the normal/comparable sale price. Case-Laws Central Excise Wed, 27 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51145