https://www.taxtmi.com/caselaws?id=193298 Imported motor cars were valued by reference to the wholesale cash price at the time and place of importation under Section 30(a) of the Sea Customs Act, 1878. The importer-dealer sale was treated as complete only when the goods arrived in Bombay, the dealers were notified of the price, cash payment was made, and delivery followed within a reasonable time; on that basis, the statutory requirement of a sale at importation was satisfied. The Court also held that the price was a wholesale cash price, and that net discount did not change that character. It further rejected deductions for assembling, cartage, overheads, and similar charges, holding that the statute did not permit reconstruction of a notional value by mathematical reduction. en-us Fri, 04 Oct 1935 00:00:00 +0530 Sat, 22 Jul 2017 12:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193298 Imported motor cars were valued by reference to the wholesale cash price at the time and place of importation under Section 30(a) of the Sea Customs Act, 1878. The importer-dealer sale was treated as complete only when the goods arrived in Bombay, the dealers were notified of the price, cash payment was made, and delivery followed within a reasonable time; on that basis, the statutory requirement of a sale at importation was satisfied. The Court also held that the price was a wholesale cash price, and that net discount did not change that character. It further rejected deductions for assembling, cartage, overheads, and similar charges, holding that the statute did not permit reconstruction of a notional value by mathematical reduction. Case-Laws Indian Laws Fri, 04 Oct 1935 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193298