https://www.taxtmi.com/caselaws?id=96989 Standard goods sold under contract to industrial consumers and actual users for their own use may be treated as retail sales for excise valuation, with assessable value computed after permissible deductions from the contract price. By contrast, trucks manufactured to customer-specific specifications are not within that retail-sale treatment and may be valued on the contract price without such deductions. The valuation approach therefore depends on whether the goods are standard products sold through contract arrangements or tailor-made goods outside the retail-sale concept. en-us Wed, 10 May 2000 00:00:00 +0530 Fri, 13 Jan 2012 15:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96989 Standard goods sold under contract to industrial consumers and actual users for their own use may be treated as retail sales for excise valuation, with assessable value computed after permissible deductions from the contract price. By contrast, trucks manufactured to customer-specific specifications are not within that retail-sale treatment and may be valued on the contract price without such deductions. The valuation approach therefore depends on whether the goods are standard products sold through contract arrangements or tailor-made goods outside the retail-sale concept. Case-Laws Central Excise Wed, 10 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96989