https://www.taxtmi.com/caselaws?id=216120 For excise valuation under Section 4(1)(a) of the Central Excise Act, 1944, the declared sale price must be the ordinary wholesale price and the sole consideration. A persistent loss-making price adopted as a market-entry strategy was treated as exceptional and artificial, so it could not qualify as the normal price. Because the sales were influenced by extra-commercial considerations, Section 4(1)(a) ceased to apply and valuation had to proceed under Section 4(1)(b) read with the Valuation Rules, 1975. The Court also accepted resort to best judgment valuation and reliance on the cost accountant's report. en-us Wed, 29 Aug 2012 00:00:00 +0530 Wed, 13 Aug 2025 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216120 For excise valuation under Section 4(1)(a) of the Central Excise Act, 1944, the declared sale price must be the ordinary wholesale price and the sole consideration. A persistent loss-making price adopted as a market-entry strategy was treated as exceptional and artificial, so it could not qualify as the normal price. Because the sales were influenced by extra-commercial considerations, Section 4(1)(a) ceased to apply and valuation had to proceed under Section 4(1)(b) read with the Valuation Rules, 1975. The Court also accepted resort to best judgment valuation and reliance on the cost accountant's report. Case-Laws Central Excise Wed, 29 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216120