https://www.taxtmi.com/caselaws?id=165823 Invoice price valuation under Notification No. 120/75 was available where the sale price was not shown to be influenced by any commercial, financial or other disqualifying relationship. Mere execution of contracts fixing the price did not, by itself, disprove arm's length dealing. On the facts, there was no material showing such a disqualifying relationship between the manufacturer and the buyers, so proviso (iv) did not bar the notification benefit. The applicants were therefore entitled to assessment on invoice price basis, and the excise duty assessment was upheld on that basis. en-us Thu, 03 Sep 1981 00:00:00 +0530 Tue, 12 Aug 2014 18:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165823 Invoice price valuation under Notification No. 120/75 was available where the sale price was not shown to be influenced by any commercial, financial or other disqualifying relationship. Mere execution of contracts fixing the price did not, by itself, disprove arm's length dealing. On the facts, there was no material showing such a disqualifying relationship between the manufacturer and the buyers, so proviso (iv) did not bar the notification benefit. The applicants were therefore entitled to assessment on invoice price basis, and the excise duty assessment was upheld on that basis. Case-Laws Central Excise Thu, 03 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165823