https://www.taxtmi.com/caselaws?id=115708 Large-quantity clearances at the factory gate to an industrial consumer were treated as wholesale sales for excise valuation. The decisive factor was the size and nature of the consignment, so the price realised in that transaction constituted the normal price under Section 4(1)(a) of the Central Excise Act. The existence of sales to other categories of buyers did not displace that benchmark. The contrary view that no wholesale sale existed at the factory gate was rejected, and valuation on the lower stock-transfer basis was not sustained. en-us Mon, 19 Sep 2005 00:00:00 +0530 Fri, 01 Jun 2012 13:27:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=115708 Large-quantity clearances at the factory gate to an industrial consumer were treated as wholesale sales for excise valuation. The decisive factor was the size and nature of the consignment, so the price realised in that transaction constituted the normal price under Section 4(1)(a) of the Central Excise Act. The existence of sales to other categories of buyers did not displace that benchmark. The contrary view that no wholesale sale existed at the factory gate was rejected, and valuation on the lower stock-transfer basis was not sustained. Case-Laws Central Excise Mon, 19 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=115708