https://www.taxtmi.com/caselaws?id=92283 Wholesale sales at the factory gate to unrelated buyers at the approved invoice price govern excise valuation where that price is the sole consideration and the Department cannot show any extra consideration or related-party arrangement. Higher depot prices, comparative market data, depot slips, or recorded statements alone do not justify rejecting the ex-factory price when the statutory conditions for valuation under Section 4(1)(a) are met. On that basis, the ex-factory wholesale price remained the correct assessable value, and the demand for differential duty, penalties and confiscation based on depot prices was unsustainable. en-us Fri, 01 Oct 1999 00:00:00 +0530 Mon, 31 Oct 2011 15:06:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92283 Wholesale sales at the factory gate to unrelated buyers at the approved invoice price govern excise valuation where that price is the sole consideration and the Department cannot show any extra consideration or related-party arrangement. Higher depot prices, comparative market data, depot slips, or recorded statements alone do not justify rejecting the ex-factory price when the statutory conditions for valuation under Section 4(1)(a) are met. On that basis, the ex-factory wholesale price remained the correct assessable value, and the demand for differential duty, penalties and confiscation based on depot prices was unsustainable. Case-Laws Central Excise Fri, 01 Oct 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92283