https://www.taxtmi.com/caselaws?id=52954 Fabric sample cut pieces removed by a manufacturer were not to be valued by taking the proportionate price of prime fabric merely because they were cut from the same cloth. Their assessable value had to be determined under the normal valuation rule by reference to comparable goods, and where the samples were not sold in the ordinary course, the nearest ascertainable equivalent had to be used. Because prices of fents and rags were available and provided a more appropriate comparison, that basis prevailed over a pro rata adoption of the value of good quality fabric. The demand based on prime fabric value was therefore not sustainable. en-us Tue, 01 Jun 2004 00:00:00 +0530 Fri, 08 Oct 2010 17:07:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52954 Fabric sample cut pieces removed by a manufacturer were not to be valued by taking the proportionate price of prime fabric merely because they were cut from the same cloth. Their assessable value had to be determined under the normal valuation rule by reference to comparable goods, and where the samples were not sold in the ordinary course, the nearest ascertainable equivalent had to be used. Because prices of fents and rags were available and provided a more appropriate comparison, that basis prevailed over a pro rata adoption of the value of good quality fabric. The demand based on prime fabric value was therefore not sustainable. Case-Laws Central Excise Tue, 01 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52954