https://www.taxtmi.com/caselaws?id=107603 For excise valuation, assessable value must follow the statutory scheme under Section 4 of the Central Excise Act and Rule 6(a) of the Central Excise (Valuation) Rules, 1975: where wholesale price is available, it is the proper basis, and where retail price is used, prescribed deductions must first be allowed. Fixing assessable value at the full retail price without deductions is contrary to that scheme and cannot sustain a demand. en-us Thu, 26 Jun 2003 00:00:00 +0530 Fri, 23 Mar 2012 17:02:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=107603 For excise valuation, assessable value must follow the statutory scheme under Section 4 of the Central Excise Act and Rule 6(a) of the Central Excise (Valuation) Rules, 1975: where wholesale price is available, it is the proper basis, and where retail price is used, prescribed deductions must first be allowed. Fixing assessable value at the full retail price without deductions is contrary to that scheme and cannot sustain a demand. Case-Laws Central Excise Thu, 26 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=107603