2003 (7) TMI 517

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.... DR, for the Respondent. [Order per : Gowri Shankar, Member (T)]. - The question for consideration in this appeal is the valuation for the purpose of assessment of the molasses that arose in the appellant's factory in the manufacture of sugar and was captively consumed by it in the manufacture of alcohol during June, 1994. The appellant had taken the assessable value of the molasses at ....

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....hased the sugar from Somesh Sahakari Sakhar Kharkhana is incorrect because this was a stray transaction. The price of  Rs. 850/- fixed by the Committee of the Government of Maharashtra or alternatively Rs. 1000/- determined by the Commissioner in his instruction 26/1995 has to be accepted. 4. The minutes of the meeting of this committee of the Government of Maharashtra which is purpor....