https://www.taxtmi.com/caselaws?id=267122 For the pre-transaction value regime, assessable value was governed by the normal wholesale price at the factory gate, not a higher downstream resale price. Where goods were ordinarily sold through a particular channel at a consistent trade price, that actual sale price was the relevant valuation basis and the department could not substitute a different downstream figure. On that footing, the higher valuation was rejected and the duty demand was annulled. Penalties on both the manufacturer and the marketing company were also unsustainable because no mala fide conduct or culpable intent was established. en-us Tue, 28 Jul 2015 00:00:00 +0530 Fri, 30 Oct 2015 06:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267122 For the pre-transaction value regime, assessable value was governed by the normal wholesale price at the factory gate, not a higher downstream resale price. Where goods were ordinarily sold through a particular channel at a consistent trade price, that actual sale price was the relevant valuation basis and the department could not substitute a different downstream figure. On that footing, the higher valuation was rejected and the duty demand was annulled. Penalties on both the manufacturer and the marketing company were also unsustainable because no mala fide conduct or culpable intent was established. Case-Laws Central Excise Tue, 28 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267122