https://www.taxtmi.com/caselaws?id=52829 Excise valuation of goods cleared for captive use or supplied for turnkey projects must be determined under Section 4(1)(b) and the Valuation Rules in sequence, with Rule 4 applying where valuation can be based on like goods sold with necessary adjustments. Because no valid basis was shown to reject the Rule 4 method and the respondent did not establish that comparable goods were unavailable, valuation on that basis was upheld. Resort to Rule 6(b) was not permitted, as that costing method applies only when value cannot be fixed under Rule 4 or Rule 5. en-us Wed, 07 Apr 2004 00:00:00 +0530 Fri, 08 Oct 2010 10:13:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52829 Excise valuation of goods cleared for captive use or supplied for turnkey projects must be determined under Section 4(1)(b) and the Valuation Rules in sequence, with Rule 4 applying where valuation can be based on like goods sold with necessary adjustments. Because no valid basis was shown to reject the Rule 4 method and the respondent did not establish that comparable goods were unavailable, valuation on that basis was upheld. Resort to Rule 6(b) was not permitted, as that costing method applies only when value cannot be fixed under Rule 4 or Rule 5. Case-Laws Central Excise Wed, 07 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52829