https://www.taxtmi.com/caselaws?id=95536 In excise valuation, different franchisee buyers located in different places or commercial categories may be treated as separate classes of buyers, so genuine price variations are permissible where no extra-commercial consideration is shown. The Department cannot adopt the highest price merely because it was obtainable, and it must displace the genuineness of the differential pricing. Once commercial pricing is demonstrated, the assessee is not required to explain every variation in exhaustive detail. The valuation approach based on mechanically applying the highest price was therefore unsustainable, and the differential pricing basis was accepted. en-us Mon, 20 Sep 1999 00:00:00 +0530 Tue, 13 Dec 2011 12:42:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=95536 In excise valuation, different franchisee buyers located in different places or commercial categories may be treated as separate classes of buyers, so genuine price variations are permissible where no extra-commercial consideration is shown. The Department cannot adopt the highest price merely because it was obtainable, and it must displace the genuineness of the differential pricing. Once commercial pricing is demonstrated, the assessee is not required to explain every variation in exhaustive detail. The valuation approach based on mechanically applying the highest price was therefore unsustainable, and the differential pricing basis was accepted. Case-Laws Central Excise Mon, 20 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=95536