https://www.taxtmi.com/caselaws?id=72901 Excise valuation for ex-depot sales depends on the real character of the transactions, not the form of individual invoices. Sales to dealers, industrial consumers, Government, local authorities and other buyers purchasing their requirements otherwise than in retail are treated as wholesale trade sales; invoice splitting, dealer margins and recommended retail prices do not by themselves make them retail sales. Where depots, not the factory gate, are the point of sale, valuation follows the wholesale trade scheme under Rule 4 read with Section 4(1)(b), and Rule 6(a) does not apply on those facts. The text also notes that permissible deductions from the ex-depot price must be identified and quantified in accordance with excise valuation principles. en-us Wed, 01 Feb 1984 00:00:00 +0530 Thu, 04 Dec 2014 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=72901 Excise valuation for ex-depot sales depends on the real character of the transactions, not the form of individual invoices. Sales to dealers, industrial consumers, Government, local authorities and other buyers purchasing their requirements otherwise than in retail are treated as wholesale trade sales; invoice splitting, dealer margins and recommended retail prices do not by themselves make them retail sales. Where depots, not the factory gate, are the point of sale, valuation follows the wholesale trade scheme under Rule 4 read with Section 4(1)(b), and Rule 6(a) does not apply on those facts. The text also notes that permissible deductions from the ex-depot price must be identified and quantified in accordance with excise valuation principles. Case-Laws Central Excise Wed, 01 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=72901