When no other price available at time of stock transfer value should be determined via best judgment method

Haldia Petrochemicals Limited Vs Commissioner of Central Excise (CESTAT Kolkata) CESTAT Kolkata held that when there is no other price available at the time of clearance of the goods from the factory to depot on stock transfer basis, the only way available is to determine the assessable value based on the best judgment method. Facts- The Appellant had commissioned its Petrochemical Complex at Haldia in 2001 and also set up a depot at Budge Budge for catering to domestic and export market. They stock transferred their finished goods to the said depot in February and March 2002. The issue involv...