https://www.taxtmi.com/caselaws?id=90191 Assessable value was to be determined on the contract price between the manufacturer and its immediate buyer where that transaction was genuine and supported by the filed price list and purchase order. Direct delivery to the buyer's customer did not justify substituting the buyer's subsequent resale price. The buyer's status as a trader, and the fact that the end recipient was a wholesale purchaser, was irrelevant when the manufacturer had sold under an independent contract to the immediate buyer. The assessable value therefore had to follow the declared contract price after usual deductions, not the higher resale price. en-us Thu, 24 Sep 1998 00:00:00 +0530 Tue, 04 Oct 2011 12:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=90191 Assessable value was to be determined on the contract price between the manufacturer and its immediate buyer where that transaction was genuine and supported by the filed price list and purchase order. Direct delivery to the buyer's customer did not justify substituting the buyer's subsequent resale price. The buyer's status as a trader, and the fact that the end recipient was a wholesale purchaser, was irrelevant when the manufacturer had sold under an independent contract to the immediate buyer. The assessable value therefore had to follow the declared contract price after usual deductions, not the higher resale price. Case-Laws Central Excise Thu, 24 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=90191