https://www.taxtmi.com/caselaws?id=40124 For central excise valuation, the normal wholesale price charged by the assessee is the assessable value under section 4(1)(a) unless the buyer is proved to be a related person and the price is not the sole consideration. The definition of related person in section 4(4)(c) requires mutual, direct or indirect commercial interest in each other's business. The text states that resale by the buyer at a higher price, or suspicion of tax avoidance, cannot displace the assessee's price without supporting factual findings. On the facts described, the assessee's price to Bush India Ltd. was treated as the assessable value and the excise notices were quashed. en-us Tue, 02 May 1989 00:00:00 +0530 Tue, 28 Oct 2025 13:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40124 For central excise valuation, the normal wholesale price charged by the assessee is the assessable value under section 4(1)(a) unless the buyer is proved to be a related person and the price is not the sole consideration. The definition of related person in section 4(4)(c) requires mutual, direct or indirect commercial interest in each other's business. The text states that resale by the buyer at a higher price, or suspicion of tax avoidance, cannot displace the assessee's price without supporting factual findings. On the facts described, the assessee's price to Bush India Ltd. was treated as the assessable value and the excise notices were quashed. Case-Laws Central Excise Tue, 02 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40124