https://www.taxtmi.com/caselaws?id=92633 Assessable value could not be fixed by reference to the resale price charged by related persons where the assessee itself sold a substantial portion of production to unrelated buyers at the factory gate. The record also showed sales to unrelated wholesale dealers, making it unjustified to treat all clearances as sales to related persons. The proper basis for valuation was the wholesale price realised from unrelated buyers, not the higher downstream resale price. Assessment on the related persons' resale price was therefore not sustainable, and factory-gate sales to independent buyers provided the correct measure of assessable value. en-us Fri, 19 Nov 1999 00:00:00 +0530 Fri, 04 Nov 2011 10:42:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=92633 Assessable value could not be fixed by reference to the resale price charged by related persons where the assessee itself sold a substantial portion of production to unrelated buyers at the factory gate. The record also showed sales to unrelated wholesale dealers, making it unjustified to treat all clearances as sales to related persons. The proper basis for valuation was the wholesale price realised from unrelated buyers, not the higher downstream resale price. Assessment on the related persons' resale price was therefore not sustainable, and factory-gate sales to independent buyers provided the correct measure of assessable value. Case-Laws Central Excise Fri, 19 Nov 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=92633