Assessable value determination: include transport and depot overheads where ex-depot sales mask depressed ex-factory prices. Where an assessee is suspected of depressing the ex-factory wholesale price and making bulk sales from depots at higher ex-depot prices, the assessable value is the wholesale ex-factory price; ex-depot prices should be treated as ex-factory price plus transportation and depot overheads. Investigators should quantify transport charges and depot maintenance overheads (rent or deemed cost, per-unit incidence, and factory staff incidence) and may collect duty on any differential price revealed by such costing.
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Provisions expressly mentioned in the judgment/order text.
Assessable value determination: include transport and depot overheads where ex-depot sales mask depressed ex-factory prices.
Where an assessee is suspected of depressing the ex-factory wholesale price and making bulk sales from depots at higher ex-depot prices, the assessable value is the wholesale ex-factory price; ex-depot prices should be treated as ex-factory price plus transportation and depot overheads. Investigators should quantify transport charges and depot maintenance overheads (rent or deemed cost, per-unit incidence, and factory staff incidence) and may collect duty on any differential price revealed by such costing.
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