https://www.taxtmi.com/caselaws?id=72754 Under the unamended Section 4 of the Central Excises and Salt Act, 1944, assessable value was based on the wholesale cash price at which goods were sold or could be sold. For sales to brand name owners, the relevant price was the manufacturer's sale price to those buyers, not the buyers' later resale price to their customers. The provision was also treated as requiring a single assessable value for the same goods sold under the same conditions to the same class of buyers. Where varying trade discounts existed within that class, the minimum discount was the deductible amount for valuation, reflecting the highest net price. en-us Tue, 30 Sep 1986 00:00:00 +0530 Tue, 24 May 2011 17:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72754 Under the unamended Section 4 of the Central Excises and Salt Act, 1944, assessable value was based on the wholesale cash price at which goods were sold or could be sold. For sales to brand name owners, the relevant price was the manufacturer's sale price to those buyers, not the buyers' later resale price to their customers. The provision was also treated as requiring a single assessable value for the same goods sold under the same conditions to the same class of buyers. Where varying trade discounts existed within that class, the minimum discount was the deductible amount for valuation, reflecting the highest net price. Case-Laws Central Excise Tue, 30 Sep 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72754