2002 (2) TMI 763

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....nt. Shri T.D. Bodade, JDR, for the 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 t....

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....the purpose of assessment of C. Ex. duty and 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 ....