https://www.taxtmi.com/caselaws?id=109078 Where genuine factory-gate sales exist and the ex-factory price is ascertainable, valuation under Section 4 of the Central Excises and Salt Act, 1944 must be based on that price. Depot sales at a higher price do not displace the factory-gate value unless there is evidence that the factory price is not genuine. On the facts noted, no such finding or evidence existed, so the depot price was irrelevant for assessable value and the department's challenge failed. en-us Wed, 01 Nov 1995 00:00:00 +0530 Thu, 05 Apr 2012 17:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109078 Where genuine factory-gate sales exist and the ex-factory price is ascertainable, valuation under Section 4 of the Central Excises and Salt Act, 1944 must be based on that price. Depot sales at a higher price do not displace the factory-gate value unless there is evidence that the factory price is not genuine. On the facts noted, no such finding or evidence existed, so the depot price was irrelevant for assessable value and the department's challenge failed. Case-Laws Central Excise Wed, 01 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109078