https://www.taxtmi.com/caselaws?id=73400 Sales of motor cycles made directly to individual consumers for personal use were treated as retail sales, not wholesale sales, for valuation under Rule 6(a). On that basis, a reasonable deduction of the dealers' margin of Rs. 550 per motor cycle was allowed to reach the assessable value, since the dealers acted mainly as intermediaries and the same deduction was reflected in the later wholesale price list. Freight and transit insurance were also held deductible from the sale price, subject to verification by the Assistant Collector. The assessable value was therefore to be computed by treating the transactions as retail sales and allowing the specified deductions. en-us Fri, 16 Oct 1987 00:00:00 +0530 Tue, 31 May 2011 16:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73400 Sales of motor cycles made directly to individual consumers for personal use were treated as retail sales, not wholesale sales, for valuation under Rule 6(a). On that basis, a reasonable deduction of the dealers' margin of Rs. 550 per motor cycle was allowed to reach the assessable value, since the dealers acted mainly as intermediaries and the same deduction was reflected in the later wholesale price list. Freight and transit insurance were also held deductible from the sale price, subject to verification by the Assistant Collector. The assessable value was therefore to be computed by treating the transactions as retail sales and allowing the specified deductions. Case-Laws Customs Fri, 16 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73400