https://www.taxtmi.com/caselaws?id=99204 The Tribunal ruled in favor of the appellants in a case concerning the valuation of Light Commercial Vehicles (LCVs) they manufactured. The judgment held that the wholesale prices declared in Part I proforma constituted the assessable value for the goods, rejecting the higher retail prices in Part V proforma. The Tribunal emphasized that when wholesale prices at the factory gate are available, they should be used for assessing goods sold in retail, in accordance with established legal principles. As a result, the appeals were allowed, and the impugned orders were overturned, directing assessment of all goods at wholesale prices as declared in Part I proforma. en-us Tue, 12 Sep 2000 00:00:00 +0530 Wed, 25 Jan 2012 15:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99204 The Tribunal ruled in favor of the appellants in a case concerning the valuation of Light Commercial Vehicles (LCVs) they manufactured. The judgment held that the wholesale prices declared in Part I proforma constituted the assessable value for the goods, rejecting the higher retail prices in Part V proforma. The Tribunal emphasized that when wholesale prices at the factory gate are available, they should be used for assessing goods sold in retail, in accordance with established legal principles. As a result, the appeals were allowed, and the impugned orders were overturned, directing assessment of all goods at wholesale prices as declared in Part I proforma. Case-Laws Central Excise Tue, 12 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99204