https://www.taxtmi.com/caselaws?id=105105 Section 4 of the Central Excise Act, 1944 permits different assessable values for different classes of buyers where the sale is at arm's length and involves no extra-commercial consideration. A bulk sale of slow-moving goods, offered on an "as is where is" basis to an industrial consumer after tendering, was treated as a sale to a distinct buyer class rather than a routine factory-gate wholesale transaction. The later filing of the Part II price list was treated as a procedural lapse and did not deprive the assessee of the otherwise admissible valuation basis. The declared bulk sale price was therefore accepted, and the reassessment and penalty could not be sustained. en-us Wed, 28 Apr 1999 00:00:00 +0530 Fri, 02 Mar 2012 15:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105105 Section 4 of the Central Excise Act, 1944 permits different assessable values for different classes of buyers where the sale is at arm's length and involves no extra-commercial consideration. A bulk sale of slow-moving goods, offered on an "as is where is" basis to an industrial consumer after tendering, was treated as a sale to a distinct buyer class rather than a routine factory-gate wholesale transaction. The later filing of the Part II price list was treated as a procedural lapse and did not deprive the assessee of the otherwise admissible valuation basis. The declared bulk sale price was therefore accepted, and the reassessment and penalty could not be sustained. Case-Laws Central Excise Wed, 28 Apr 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105105