https://www.taxtmi.com/caselaws?id=273521 For excise valuation under section 4(a), the controlling price is the manufacturer's own wholesale cash price at the time of removal, not the resale price realised by independent traders in the open market. Genuine dealer agreements with territorial or resale restrictions did not destroy the character of the agreed list price as an ascertainable wholesale cash price, and limited or absent actual dealer sales did not require resort to section 4(b) where the goods were capable of being sold at that price. On that basis, valuation based on retail or consumer prices was invalid and the impugned assessments and demand notices could not stand. 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 For excise valuation under section 4(a), the controlling price is the manufacturer's own wholesale cash price at the time of removal, not the resale price realised by independent traders in the open market. Genuine dealer agreements with territorial or resale restrictions did not destroy the character of the agreed list price as an ascertainable wholesale cash price, and limited or absent actual dealer sales did not require resort to section 4(b) where the goods were capable of being sold at that price. On that basis, valuation based on retail or consumer prices was invalid and the impugned assessments and demand notices could not stand. Case-Laws Central Excise Mon, 10 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273521