Administered price mechanism: oil pool compensation is not included in assessable value for subsidised kerosene sales. Contributions from the Oil Pool Account that compensate oil companies for under-recovery on subsidised Superior Kerosene Oil sold at administered prices are not includible in the assessable value, because administered prices fixed under the statutory framework qualify as 'price fixed under law' and the valuation proviso treats that price as the normal price, excluding subsequent additions such as Oil Pool compensation.
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Provisions expressly mentioned in the judgment/order text.
Administered price mechanism: oil pool compensation is not included in assessable value for subsidised kerosene sales.
Contributions from the Oil Pool Account that compensate oil companies for under-recovery on subsidised Superior Kerosene Oil sold at administered prices are not includible in the assessable value, because administered prices fixed under the statutory framework qualify as "price fixed under law" and the valuation proviso treats that price as the normal price, excluding subsequent additions such as Oil Pool compensation.
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