https://www.taxtmi.com/caselaws?id=80863 An approved factory gate wholesale price, where genuine and not shown to be artificial or unreliable, must be used as the normal assessable value under Section 4 of the Central Excises and Salt Act, 1944; depot sale prices cannot replace that ex-factory price merely because the goods are later sold through depots. The document also states that prior departmental queries on valuation and the assessee's replies negate suppression of facts, so extended limitation and related penalties are not justified when no separate basis for evasion is established. It further notes that consequential penalties fail where the underlying valuation demand does not survive. en-us Mon, 22 Oct 1990 00:00:00 +0530 Mon, 20 Jun 2011 18:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=80863 An approved factory gate wholesale price, where genuine and not shown to be artificial or unreliable, must be used as the normal assessable value under Section 4 of the Central Excises and Salt Act, 1944; depot sale prices cannot replace that ex-factory price merely because the goods are later sold through depots. The document also states that prior departmental queries on valuation and the assessee's replies negate suppression of facts, so extended limitation and related penalties are not justified when no separate basis for evasion is established. It further notes that consequential penalties fail where the underlying valuation demand does not survive. Case-Laws Central Excise Mon, 22 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=80863