SC explains Excise Valuation Principal for under Invoiced Goods pre & Post 01.07.2000

Commissioner of Central Excise Vs Cera Board and Doors (Supreme Court) In fine, these appeals are disposed of, confirming the impugned orders of CESTAT setting aside the Orders ­in­ Original passed by the Adjudicating Authorities and remanding the matters back for re­adjudication. However, while carrying out the exercise of re­adjudication, the Adjudicating Authorities should keep in mind the principles enumerated hereunder: A. Cases where the period of assessment is prior to 01.07.2000 I. First ascertain the price at which such goods are ordinarily sold by the assessee to a buyer who is n...