2000 (12) TMI 407

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..... , for the Appellants. Shri P.K. Jain, SDR, for the Respondent. [Order per : C.N.B. Nair, Member (T)]. - The short question involved in these appeals is the valuation of molasses manufactured by the sugar mills (appellants in these cases). The appellants had paid duty treating the price they realised on sale of the molasses as the assessable value of molasses. Revenue raised further demands on .....

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..... stances, it has to be held that the demand had no legal basis. The goods had been subjected to duty at the normal sale price at which they were sold in wholesale by the manufacturers. Such a price constitutes assessable value under Section 4 of the Central Excise Act, 1944. The duty paid by the appellants had been correctly paid. No further demand can be raised. The appeals succeed and the impugne .....

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