https://www.taxtmi.com/caselaws?id=74670 Arm's-length excise valuation could not be based on the buyer's subsequent wholesale resale price, because assessable value had to reflect the manufacturer's sale price absent any special relationship affecting price. Clearances from two concerns were clubbed for small-scale exemption purposes where one unit lacked genuine independent manufacturing existence and shared common partners and infrastructure indicators. The penalty was reconsidered in light of the revised duty position and was reduced as excessive on the corrected basis. en-us Mon, 08 Dec 1986 00:00:00 +0530 Fri, 10 Jun 2011 12:48:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=74670 Arm's-length excise valuation could not be based on the buyer's subsequent wholesale resale price, because assessable value had to reflect the manufacturer's sale price absent any special relationship affecting price. Clearances from two concerns were clubbed for small-scale exemption purposes where one unit lacked genuine independent manufacturing existence and shared common partners and infrastructure indicators. The penalty was reconsidered in light of the revised duty position and was reduced as excessive on the corrected basis. Case-Laws Central Excise Mon, 08 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=74670