https://www.taxtmi.com/caselaws?id=332218 Where the same excisable goods were sold to independent buyers in wholesale trade, that normal price governed valuation under Section 4 because the price was ascertainable, the buyer was not related, and the price was the sole consideration. The approved assessable value for independent sales therefore supplied the correct benchmark for clearances to the sister unit, and there was no basis to move to a residual valuation method. The later concept of transaction value was not applicable to the relevant period. Once valuation was fixed on the independent buyer price, the claimed freight deduction for supply to the sister unit became immaterial. en-us Thu, 21 Jul 2016 00:00:00 +0530 Mon, 12 Sep 2016 16:58:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332218 Where the same excisable goods were sold to independent buyers in wholesale trade, that normal price governed valuation under Section 4 because the price was ascertainable, the buyer was not related, and the price was the sole consideration. The approved assessable value for independent sales therefore supplied the correct benchmark for clearances to the sister unit, and there was no basis to move to a residual valuation method. The later concept of transaction value was not applicable to the relevant period. Once valuation was fixed on the independent buyer price, the claimed freight deduction for supply to the sister unit became immaterial. Case-Laws Central Excise Thu, 21 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332218