https://www.taxtmi.com/caselaws?id=277201 Where factory-gate sales to independent buyers were available, valuation had to be based on that actual transaction price, even if the principal buyer was treated as related. The alleged relationship did not alter valuation once a genuine independent market price existed during the relevant period, and the goods had already been assessed on that basis. On that footing, no further duty was payable. Because the duty demand failed, the excise penalties also could not be sustained and were set aside. en-us Fri, 03 Sep 2004 00:00:00 +0530 Wed, 28 Nov 2018 17:41:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277201 Where factory-gate sales to independent buyers were available, valuation had to be based on that actual transaction price, even if the principal buyer was treated as related. The alleged relationship did not alter valuation once a genuine independent market price existed during the relevant period, and the goods had already been assessed on that basis. On that footing, no further duty was payable. Because the duty demand failed, the excise penalties also could not be sustained and were set aside. Case-Laws Central Excise Fri, 03 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277201