https://www.taxtmi.com/caselaws?id=107145 The Tribunal held that for excise valuation purposes, the normal price of goods should be determined based on the price at which the goods are ordinarily sold by the assessee, without considering profits from other goods. The contracted price, including all cost elements and profit margin, should be accepted as the normal price. Adding overall profit earned by the appellant from its entire operations to assessable value was deemed contrary to excise valuation laws. Therefore, the impugned order was set aside, resulting in the allowance of the appeals against the differential duty and penalties imposed. en-us Wed, 08 Jan 2003 00:00:00 +0530 Sat, 17 Mar 2012 18:40:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107145 The Tribunal held that for excise valuation purposes, the normal price of goods should be determined based on the price at which the goods are ordinarily sold by the assessee, without considering profits from other goods. The contracted price, including all cost elements and profit margin, should be accepted as the normal price. Adding overall profit earned by the appellant from its entire operations to assessable value was deemed contrary to excise valuation laws. Therefore, the impugned order was set aside, resulting in the allowance of the appeals against the differential duty and penalties imposed. Case-Laws Central Excise Wed, 08 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107145