https://www.taxtmi.com/caselaws?id=165580 For excise valuation under Section 4 of the Central Excises and Salt Act, the relevant assessable value is the wholesale cash price at the factory gate, confined to manufacturing cost and manufacturing profit and excluding post-manufacturing elements such as selling profit. Bulk sales to customer companies under long-term commercial arrangements did not, by themselves, lose their wholesale character, and the Department could not substitute the buyers' resale price absent evidence of secret arrangements, understatement, or extra-commercial advantage. The text also states that relief was declined against the earliest excise order because it was not challenged within a reasonable time and was treated as acquiesced in. en-us Tue, 14 May 1974 00:00:00 +0530 Sat, 02 Aug 2014 10:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165580 For excise valuation under Section 4 of the Central Excises and Salt Act, the relevant assessable value is the wholesale cash price at the factory gate, confined to manufacturing cost and manufacturing profit and excluding post-manufacturing elements such as selling profit. Bulk sales to customer companies under long-term commercial arrangements did not, by themselves, lose their wholesale character, and the Department could not substitute the buyers' resale price absent evidence of secret arrangements, understatement, or extra-commercial advantage. The text also states that relief was declined against the earliest excise order because it was not challenged within a reasonable time and was treated as acquiesced in. Case-Laws Central Excise Tue, 14 May 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165580