https://www.taxtmi.com/caselaws?id=72716 Where goods are manufactured for a buyer and sold under the buyer's trade name, assessable value is to be taken from the manufacturer's factory-gate wholesale price if that price is ascertainable, rather than the buyer's later resale price. The arrangement was treated as a sale of future goods between independent parties, not as a hiring of the manufacturer as the buyer's agent or labour. Delivery and title-passing terms at the buyer's godown did not displace the factory-gate valuation basis, and manufacture to specifications, approval procedures, or branding did not by themselves negate an arm's length wholesale sale. en-us Thu, 26 Feb 1987 00:00:00 +0530 Tue, 24 May 2011 15:23:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72716 Where goods are manufactured for a buyer and sold under the buyer's trade name, assessable value is to be taken from the manufacturer's factory-gate wholesale price if that price is ascertainable, rather than the buyer's later resale price. The arrangement was treated as a sale of future goods between independent parties, not as a hiring of the manufacturer as the buyer's agent or labour. Delivery and title-passing terms at the buyer's godown did not displace the factory-gate valuation basis, and manufacture to specifications, approval procedures, or branding did not by themselves negate an arm's length wholesale sale. Case-Laws Central Excise Thu, 26 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72716