https://www.taxtmi.com/caselaws?id=81835 Excise valuation under Section 4(1)(a) is class-specific where different classes of buyers are sold at different prices. An approved Part II factory-gate price to industrial consumers may serve as the normal price for goods cleared through consignment agents to that same class, because wholesale trade includes sales to industrial consumers and the first proviso permits different prices for different buyer classes. That approved price cannot automatically be extended to sales through consignment agents to buyers other than industrial consumers, where a separate class-wise price applies. The valuation issue was partly resolved in favour of the assessee, and fresh assessment was directed on the applicable buyer-class price basis. en-us Fri, 13 Mar 1992 00:00:00 +0530 Wed, 29 Jun 2011 11:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=81835 Excise valuation under Section 4(1)(a) is class-specific where different classes of buyers are sold at different prices. An approved Part II factory-gate price to industrial consumers may serve as the normal price for goods cleared through consignment agents to that same class, because wholesale trade includes sales to industrial consumers and the first proviso permits different prices for different buyer classes. That approved price cannot automatically be extended to sales through consignment agents to buyers other than industrial consumers, where a separate class-wise price applies. The valuation issue was partly resolved in favour of the assessee, and fresh assessment was directed on the applicable buyer-class price basis. Case-Laws Central Excise Fri, 13 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=81835