https://www.taxtmi.com/caselaws?id=91372 The Tribunal held that the contract price, mutually agreed upon between the parties for the sale of medicines, constituted the assessable value under Section 4(1)(a) of the Central Excise Act. The Tribunal rejected the use of wholesale market price and upheld the appellant's argument that the contract price at the factory gate should be considered. It found that the agreement between the parties reflected a commercial relationship and not a scheme to evade excise duty, setting aside the previous order and ruling in favor of the appellant. en-us Fri, 12 Mar 1999 00:00:00 +0530 Mon, 17 Oct 2011 16:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91372 The Tribunal held that the contract price, mutually agreed upon between the parties for the sale of medicines, constituted the assessable value under Section 4(1)(a) of the Central Excise Act. The Tribunal rejected the use of wholesale market price and upheld the appellant's argument that the contract price at the factory gate should be considered. It found that the agreement between the parties reflected a commercial relationship and not a scheme to evade excise duty, setting aside the previous order and ruling in favor of the appellant. Case-Laws Central Excise Fri, 12 Mar 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91372