https://www.taxtmi.com/caselaws?id=87849 Where buyers merely place orders and the manufacturer confirms them at varying prices, the transactions are not treated as sales to a recognised class of buyers for Part II price-list purposes. Applying the principle in Shakti Insulated Wires, the Tribunal held that the filed Proforma Part II price list was inapplicable. On valuation, it held that where prices fluctuate frequently, assessable value should not be fixed mechanically at the highest monthly price; the proper course is to seek invoice-value assessment under Rule 173C(11). The challenge to valuation and rejection of the Part II price list therefore failed, and the appeal was rejected. en-us Wed, 19 Nov 1997 00:00:00 +0530 Tue, 13 Sep 2011 13:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87849 Where buyers merely place orders and the manufacturer confirms them at varying prices, the transactions are not treated as sales to a recognised class of buyers for Part II price-list purposes. Applying the principle in Shakti Insulated Wires, the Tribunal held that the filed Proforma Part II price list was inapplicable. On valuation, it held that where prices fluctuate frequently, assessable value should not be fixed mechanically at the highest monthly price; the proper course is to seek invoice-value assessment under Rule 173C(11). The challenge to valuation and rejection of the Part II price list therefore failed, and the appeal was rejected. Case-Laws Central Excise Wed, 19 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87849