2002 (2) TMI 763

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Respondent. [Order per : Gowri Shankar, Member (T)]. - The appellant, a sugar factory, filed a price list effective from 16-3-1994, in which it declared the assessable value of the molasses manufactured by it to be captively consumed by it at Rs. 1,200/- per ton. The notice issued to it proposed to enhance the value to Rs. 2,100/- per ton on the ground that "the value of comparable goods i.e. ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... should be made applicable to captive consumption also. (b) When no transactions have taken place at the factory of assessment prices of molasses as declared by M/s. Western Maharashtra Development Corpn. (W.M.D.C.) a Govt. of Maharashtra undertaking Chitali may be accepted as value of molasses on any particular day for the purpose of assessment of C. Ex. duty when used for captive consumpti....