https://www.taxtmi.com/caselaws?id=94415 Different assessable values for depot clearances were accepted where regional prices reflected genuine commercial factors such as competition, taxation, freight and market conditions, and there was no evidence of extra consideration or a sham arrangement. The valuation principle applied was that more than one normal price may exist when wholesale sales are made to non-related buyers for price alone and valid business reasons explain the regional differential. Depot sales were treated as an extension of the factory gate for the concerned region, so the higher factory gate value was not the proper basis for assessment. The lower assessable value for Guwahati depot sales was upheld and the duty demand on the higher value failed. en-us Mon, 24 May 1999 00:00:00 +0530 Tue, 22 Nov 2011 13:01:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=94415 Different assessable values for depot clearances were accepted where regional prices reflected genuine commercial factors such as competition, taxation, freight and market conditions, and there was no evidence of extra consideration or a sham arrangement. The valuation principle applied was that more than one normal price may exist when wholesale sales are made to non-related buyers for price alone and valid business reasons explain the regional differential. Depot sales were treated as an extension of the factory gate for the concerned region, so the higher factory gate value was not the proper basis for assessment. The lower assessable value for Guwahati depot sales was upheld and the duty demand on the higher value failed. Case-Laws Central Excise Mon, 24 May 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=94415