https://www.taxtmi.com/caselaws?id=97672 A maximum price fixed under the Drug Price (Control) Order, 1987 operated only as a ceiling, so a lawful sale below that ceiling did not trigger a deeming fiction to substitute the controlled price as assessable value under section 4(1)(a) of the Central Excise Act, 1944. The deeming principle applicable where law itself fixes the sale price and deviation is unlawful could not be extended to a mere maximum-price regime. Assessable value therefore remained the actual sale price, and the Department's attempt to adopt the enhanced controlled price failed. en-us Mon, 30 Oct 2000 00:00:00 +0530 Tue, 17 Jan 2012 16:18:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97672 A maximum price fixed under the Drug Price (Control) Order, 1987 operated only as a ceiling, so a lawful sale below that ceiling did not trigger a deeming fiction to substitute the controlled price as assessable value under section 4(1)(a) of the Central Excise Act, 1944. The deeming principle applicable where law itself fixes the sale price and deviation is unlawful could not be extended to a mere maximum-price regime. Assessable value therefore remained the actual sale price, and the Department's attempt to adopt the enhanced controlled price failed. Case-Laws Central Excise Mon, 30 Oct 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97672