https://www.taxtmi.com/caselaws?id=167645 Customs duty on imported motor cars was to be assessed under clause (a) of section 30 where a wholesale cash price less trade discount was ascertainable at the time and place of importation; clause (b) was only residuary and could not be used merely because the importer's pricing method or distribution system complicated valuation. The distributor price was treated as the relevant wholesale cash price because payment was made before delivery, the agreed discount was deducted, and the place of delivery satisfied the statutory requirement in a practical sense. Only the allowance for incomplete assembly was deductible; no further deduction for overhead or post-importation assembling expenses was permitted. en-us Fri, 19 Nov 1937 00:00:00 +0530 Mon, 29 Dec 2014 13:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167645 Customs duty on imported motor cars was to be assessed under clause (a) of section 30 where a wholesale cash price less trade discount was ascertainable at the time and place of importation; clause (b) was only residuary and could not be used merely because the importer's pricing method or distribution system complicated valuation. The distributor price was treated as the relevant wholesale cash price because payment was made before delivery, the agreed discount was deducted, and the place of delivery satisfied the statutory requirement in a practical sense. Only the allowance for incomplete assembly was deductible; no further deduction for overhead or post-importation assembling expenses was permitted. Case-Laws Central Excise Fri, 19 Nov 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167645