https://www.taxtmi.com/caselaws?id=93073 Cosmetics excise valuation had to be based on the manufacturer's own transaction value under the valuation framework. Once the appellant was found not to be an agent or dummy of the buyer, the buyer's resale price was not relevant by itself. Any additional consideration flowing directly or indirectly from the buyer could be added only if specifically quantified under the valuation rule, but the record did not show that this exercise was done. The materials on advances, quality control, raw-material approval and rental adjustments did not establish that the price was unreal, and the transaction was treated as commercial and at arm's length. The Commissioner's valuation and the resulting demand were not sustained. en-us Tue, 07 Dec 1999 00:00:00 +0530 Tue, 08 Nov 2011 11:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93073 Cosmetics excise valuation had to be based on the manufacturer's own transaction value under the valuation framework. Once the appellant was found not to be an agent or dummy of the buyer, the buyer's resale price was not relevant by itself. Any additional consideration flowing directly or indirectly from the buyer could be added only if specifically quantified under the valuation rule, but the record did not show that this exercise was done. The materials on advances, quality control, raw-material approval and rental adjustments did not establish that the price was unreal, and the transaction was treated as commercial and at arm's length. The Commissioner's valuation and the resulting demand were not sustained. Case-Laws Central Excise Tue, 07 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93073