https://www.taxtmi.com/caselaws?id=165645 Excise valuation under Section 4 required the assessable value to reflect manufacturing cost and manufacturing profit, not post-manufacturing selling elements. For the unamended provision, sales to selling agents at the packing station were treated as genuine wholesale sales at the factory gate, and post-manufacturing expenses such as selling costs could be deducted subject to factual verification and proper apportionment. Under the amended provision, the same constitutional principle continued to apply: the amendment was read as addressing manipulative related-person sales, not as authorising inclusion of freight, octroi, insurance, service charges or other post-manufacturing expenses in assessable value absent clear legislative intent. en-us Mon, 31 Mar 1980 00:00:00 +0530 Tue, 05 Aug 2014 11:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165645 Excise valuation under Section 4 required the assessable value to reflect manufacturing cost and manufacturing profit, not post-manufacturing selling elements. For the unamended provision, sales to selling agents at the packing station were treated as genuine wholesale sales at the factory gate, and post-manufacturing expenses such as selling costs could be deducted subject to factual verification and proper apportionment. Under the amended provision, the same constitutional principle continued to apply: the amendment was read as addressing manipulative related-person sales, not as authorising inclusion of freight, octroi, insurance, service charges or other post-manufacturing expenses in assessable value absent clear legislative intent. Case-Laws Central Excise Mon, 31 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165645