2002 (2) TMI 578 - AT - Central Excise

Summary

The Appellate Tribunal CEGAT, Mumbai dismissed the appeal by the Commissioner regarding the valuation of molasses sold by a sugar mill. The Tribunal found that the determination of the value should be based on actual sale price, not manufacturing cost. The opinion of the Chief Sugar Technologist was deemed unreliable for determining the price of molasses. The appeal was dismissed.