https://www.taxtmi.com/caselaws?id=93227 Where goods are sold to different classes of buyers at different prices, assessable value under excise law cannot be determined by applying a contract price meant for one distinct buyer to other sales. The note explains that ex-factory sales to Indian Railways were contract sales to a specific class of buyer, so that price could not govern valuation of sales to other buyers. Section 4 permits valuation based on different prices for different classes of buyers, and the lower authorities had not addressed this submission. The stated result was that the demand was unsustainable and the assessment basis was quashed in favour of the assessee. en-us Thu, 23 Dec 1999 00:00:00 +0530 Wed, 09 Nov 2011 12:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=93227 Where goods are sold to different classes of buyers at different prices, assessable value under excise law cannot be determined by applying a contract price meant for one distinct buyer to other sales. The note explains that ex-factory sales to Indian Railways were contract sales to a specific class of buyer, so that price could not govern valuation of sales to other buyers. Section 4 permits valuation based on different prices for different classes of buyers, and the lower authorities had not addressed this submission. The stated result was that the demand was unsustainable and the assessment basis was quashed in favour of the assessee. Case-Laws Central Excise Thu, 23 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93227