https://www.taxtmi.com/caselaws?id=442555 Excise valuation of goods transferred to C&F agents and subsequently sold to distributors is governed by normal transaction value under Section 4(1)(b) read with Rule 7 where no sale occurs at the factory gate. Section 4(1)(a) does not apply because the sale takes place after removal. A distributor operating under a principal-to-principal agreement is not treated as the manufacturer's agent merely because goods move through C&F agents. Contractual distributor discount, along with admissible cash discount, quantity discount and PME, is deductible when finalising provisional assessments. The lower appellate valuation was upheld and Revenue appeals were rejected. en-us Fri, 25 Aug 2023 00:00:00 +0530 Tue, 05 Sep 2023 08:39:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442555 Excise valuation of goods transferred to C&F agents and subsequently sold to distributors is governed by normal transaction value under Section 4(1)(b) read with Rule 7 where no sale occurs at the factory gate. Section 4(1)(a) does not apply because the sale takes place after removal. A distributor operating under a principal-to-principal agreement is not treated as the manufacturer's agent merely because goods move through C&F agents. Contractual distributor discount, along with admissible cash discount, quantity discount and PME, is deductible when finalising provisional assessments. The lower appellate valuation was upheld and Revenue appeals were rejected. Case-Laws Central Excise Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442555