https://www.taxtmi.com/caselaws?id=273521 The appellate order confirming excise duty assessment based on retail prices was challenged. The court held that the prices agreed with wholesale dealers did not constitute "wholesale cash price" under the Central Excises and Salt Act. Assessments for multiple years were revised, leading to higher tax liabilities. The court clarified that "wholesale cash price" should reflect factory sale prices, not post-manufacture expenses or third-party prices. The demand notices were deemed invalid as the agreed dealer prices constituted the "wholesale cash price." The court set aside the assessments and demand notices, awarding costs to the petitioner company. en-us Mon, 10 Aug 1970 00:00:00 +0530 Sat, 30 Jun 2018 11:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273521 The appellate order confirming excise duty assessment based on retail prices was challenged. The court held that the prices agreed with wholesale dealers did not constitute "wholesale cash price" under the Central Excises and Salt Act. Assessments for multiple years were revised, leading to higher tax liabilities. The court clarified that "wholesale cash price" should reflect factory sale prices, not post-manufacture expenses or third-party prices. The demand notices were deemed invalid as the agreed dealer prices constituted the "wholesale cash price." The court set aside the assessments and demand notices, awarding costs to the petitioner company. Case-Laws Central Excise Mon, 10 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273521