https://www.taxtmi.com/caselaws?id=96093 Bona fide regional price differences were accepted as commercial prices for excise valuation, because there was no evidence that the lower prices were favoured or artificially depressed. Each price charged to the relevant class of buyers was therefore required to be treated as the assessable value, and valuation based on the highest ex-factory price was unsustainable. On that footing, the duty demand and penalty could not be maintained. en-us Wed, 14 Mar 2001 00:00:00 +0530 Sat, 17 Dec 2011 12:09:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96093 Bona fide regional price differences were accepted as commercial prices for excise valuation, because there was no evidence that the lower prices were favoured or artificially depressed. Each price charged to the relevant class of buyers was therefore required to be treated as the assessable value, and valuation based on the highest ex-factory price was unsustainable. On that footing, the duty demand and penalty could not be maintained. Case-Laws Central Excise Wed, 14 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96093