Transaction value rule deems sale price as transaction value when price is below manufacturing cost and no extra consideration flows. The amendment provides that where goods are sold at a price less than manufacturing cost and profit and no additional consideration flows from the buyer to the assessee, the value of such goods shall be deemed to be the transaction value; this proviso is inserted in the valuation rule to treat certain below cost sales as transaction value for central excise.
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Provisions expressly mentioned in the judgment/order text.
Transaction value rule deems sale price as transaction value when price is below manufacturing cost and no extra consideration flows.
The amendment provides that where goods are sold at a price less than manufacturing cost and profit and no additional consideration flows from the buyer to the assessee, the value of such goods shall be deemed to be the transaction value; this proviso is inserted in the valuation rule to treat certain below cost sales as transaction value for central excise.
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