https://www.taxtmi.com/caselaws?id=165533 For excise valuation under Section 4 of the Central Excises and Salt Act, 1944, the assessable value is the wholesale cash price at the factory gate, reflecting manufacturing cost plus manufacturing profit. Post-manufacturing elements such as selling cost and selling profit are excluded, so a buyer's resale price to independent purchasers cannot be used as the assessable value. A sale to a sole distributor or single wholesale buyer does not, by itself, displace the statutory factory-gate standard. The factory-gate price may be rejected only if it is shown to be concessional, not at arm's length, or influenced by extra-commercial considerations. en-us Wed, 15 Sep 1976 00:00:00 +0530 Thu, 31 Jul 2014 14:12:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165533 For excise valuation under Section 4 of the Central Excises and Salt Act, 1944, the assessable value is the wholesale cash price at the factory gate, reflecting manufacturing cost plus manufacturing profit. Post-manufacturing elements such as selling cost and selling profit are excluded, so a buyer's resale price to independent purchasers cannot be used as the assessable value. A sale to a sole distributor or single wholesale buyer does not, by itself, displace the statutory factory-gate standard. The factory-gate price may be rejected only if it is shown to be concessional, not at arm's length, or influenced by extra-commercial considerations. Case-Laws Central Excise Wed, 15 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165533