https://www.taxtmi.com/caselaws?id=84009 An arm's length supply agreement with outright sale terms, where the manufacturer sourced its own raw materials, bore excise and tax liabilities, and replaced rejected goods at its own cost, was treated as a principal-to-principal transaction rather than a principal-agent arrangement. The assessable value was therefore to be determined on the agreed sale price under Section 4(1)(a), not under the alternate valuation provision. The expression "wholesale dealer" was construed broadly with the inclusive definition, and bulk purchases made in the course of trade were held to fall within its scope. On that basis, the valuation challenge failed and the appellate orders were maintained. en-us Wed, 08 Feb 1995 00:00:00 +0530 Tue, 19 Jul 2011 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=84009 An arm's length supply agreement with outright sale terms, where the manufacturer sourced its own raw materials, bore excise and tax liabilities, and replaced rejected goods at its own cost, was treated as a principal-to-principal transaction rather than a principal-agent arrangement. The assessable value was therefore to be determined on the agreed sale price under Section 4(1)(a), not under the alternate valuation provision. The expression "wholesale dealer" was construed broadly with the inclusive definition, and bulk purchases made in the course of trade were held to fall within its scope. On that basis, the valuation challenge failed and the appellate orders were maintained. Case-Laws Central Excise Wed, 08 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=84009