https://www.taxtmi.com/caselaws?id=74120 Excise valuation of goods cleared to consignment agents was governed by the normal price applicable at the time of removal when the ultimate buyer was not identifiable. Where goods were sold under different price categories and the factory-gate clearance was made before the final buyer was known, the relevant assessable value was the price for the applicable class of buyers at removal, not a later revised price based on actual sales. Acceptance of a bond under Rule 9-B did not change the valuation principle under Section 4(1)(a). en-us Sat, 29 Oct 1988 00:00:00 +0530 Mon, 06 Jun 2011 17:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74120 Excise valuation of goods cleared to consignment agents was governed by the normal price applicable at the time of removal when the ultimate buyer was not identifiable. Where goods were sold under different price categories and the factory-gate clearance was made before the final buyer was known, the relevant assessable value was the price for the applicable class of buyers at removal, not a later revised price based on actual sales. Acceptance of a bond under Rule 9-B did not change the valuation principle under Section 4(1)(a). Case-Laws Income Tax Sat, 29 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74120