https://www.taxtmi.com/caselaws?id=52116 The Tribunal upheld the original authority's decision in a case concerning the valuation of molasses for duty assessment. It emphasized determining the normal price based on genuine contracts for sale rather than the cost of production. The Tribunal found that the acceptance of different values based on different contracts was appropriate, as long as the contracts were not questioned. The Revenue's appeal was dismissed, affirming the importance of following departmental guidelines and considering the authenticity of prices in duty assessment. en-us Mon, 22 Sep 2003 00:00:00 +0530 Fri, 01 Oct 2010 13:18:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52116 The Tribunal upheld the original authority's decision in a case concerning the valuation of molasses for duty assessment. It emphasized determining the normal price based on genuine contracts for sale rather than the cost of production. The Tribunal found that the acceptance of different values based on different contracts was appropriate, as long as the contracts were not questioned. The Revenue's appeal was dismissed, affirming the importance of following departmental guidelines and considering the authenticity of prices in duty assessment. Case-Laws Central Excise Mon, 22 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52116