https://www.taxtmi.com/caselaws?id=52001 For captively consumed goods, the assessable value may be based on the higher price at which the same goods were actually sold to outside buyers during the relevant period, because that market sale price is the proper valuation benchmark on these facts. The earlier normal price approach was found inapplicable where the same goods were sold externally at a higher price. Reopening under the proviso to section 11A was also sustained, as the demand was raised within six months of finalisation and rested on non-disclosure of material particulars about the actual sale price. The duty demand was therefore upheld. en-us Tue, 17 Jun 2003 00:00:00 +0530 Wed, 29 Sep 2010 17:05:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52001 For captively consumed goods, the assessable value may be based on the higher price at which the same goods were actually sold to outside buyers during the relevant period, because that market sale price is the proper valuation benchmark on these facts. The earlier normal price approach was found inapplicable where the same goods were sold externally at a higher price. Reopening under the proviso to section 11A was also sustained, as the demand was raised within six months of finalisation and rested on non-disclosure of material particulars about the actual sale price. The duty demand was therefore upheld. Case-Laws Central Excise Tue, 17 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52001