https://www.taxtmi.com/caselaws?id=91110 Excise valuation must be fixed at the time of removal on the basis of the normal factory-gate price payable by an ordinary customer. Where the assessee could not identify the purchaser or eventual destination at clearance, an approved Part II price list for a special or contract-linked price could not govern valuation for those removals. The approved list did not override the factual basis required for its application, so duty was properly assessed on the Part I price. The differential duty was therefore sustained, and the penalty remained in force. en-us Mon, 24 Nov 1997 00:00:00 +0530 Thu, 13 Oct 2011 18:12:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91110 Excise valuation must be fixed at the time of removal on the basis of the normal factory-gate price payable by an ordinary customer. Where the assessee could not identify the purchaser or eventual destination at clearance, an approved Part II price list for a special or contract-linked price could not govern valuation for those removals. The approved list did not override the factual basis required for its application, so duty was properly assessed on the Part I price. The differential duty was therefore sustained, and the penalty remained in force. Case-Laws Central Excise Mon, 24 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91110