Assessable Value of Goods: Revision Case Outcome Favors Petitioners

The Revision Case was allowed by the court as the assessable value of goods was determined to be based on the price at the time of removal from the manufactory, rather than the increased prices later when the goods were sold. The Government of India considered the points raised by the petitioners, leading to a favorable outcome for them.

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The Government of India considered points raised in the Revision Case. Goods were sold at a higher price due to increase in prices later. Assessable value of goods should be based on price at time of removal from manufactory. Petitioners' contention accepted, Revision Case allowed.

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