https://www.taxtmi.com/caselaws?id=51597 Valuation of excisable goods had to be based on the form in which the goods were cleared from the factory, not on the later sale price of repacked smaller containers. Paint packs were removed in 200 litre bulk packs and repacked outside the factory before depot sale; that later repacking was not shown to amount to manufacture, and the depot could not be treated as the place of removal for the relevant period. As no factory-gate or depot sale price of the original bulk packs was available, the Department's valuation method failed and the demand, extended limitation, penalty and interest were set aside. en-us Fri, 11 Oct 2002 00:00:00 +0530 Mon, 27 Sep 2010 10:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51597 Valuation of excisable goods had to be based on the form in which the goods were cleared from the factory, not on the later sale price of repacked smaller containers. Paint packs were removed in 200 litre bulk packs and repacked outside the factory before depot sale; that later repacking was not shown to amount to manufacture, and the depot could not be treated as the place of removal for the relevant period. As no factory-gate or depot sale price of the original bulk packs was available, the Department's valuation method failed and the demand, extended limitation, penalty and interest were set aside. Case-Laws Central Excise Fri, 11 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51597