2003 (7) TMI 517 - AT - Central Excise

Summary

The appellate tribunal considered the valuation of molasses used in alcohol production, with the appellant claiming Rs. 850/ton based on a committee price, and the department proposing Rs. 2,150/ton from purchases. The tribunal found the department's basis reasonable, using the lowest purchase price of Rs. 2090.40/ton from Shri Datta Sahakari Sakhar Kharkhana for assessment. The appeal was allowed partially.