https://www.taxtmi.com/caselaws?id=93227 Central Excise valuation must recognise different prices applicable to different classes of buyers. Contract sales to Indian Railways constituted sales to a distinct buyer class, so the ex-factory contract price charged to that buyer could not be adopted as the assessable value for goods cleared to consignment agents and sold to other purchasers. Applying the contract price to other sales would disregard the buyer-specific pricing permitted under section 4. The demand based on that valuation approach was unsustainable and quashed. 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 Central Excise valuation must recognise different prices applicable to different classes of buyers. Contract sales to Indian Railways constituted sales to a distinct buyer class, so the ex-factory contract price charged to that buyer could not be adopted as the assessable value for goods cleared to consignment agents and sold to other purchasers. Applying the contract price to other sales would disregard the buyer-specific pricing permitted under section 4. The demand based on that valuation approach was unsustainable and quashed. Case-Laws Central Excise Thu, 23 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=93227