https://www.taxtmi.com/caselaws?id=40407 Excise duty valuation focuses on whether ad valorem duty should be based on retail prices or on wholesale cash price determined from arm's-length wholesale transactions. The analysis applies the arm's-length principle: prices charged to special or favoured buyers or pursuant to non-commercial advantages are excluded, whereas sole distributor arrangements are acceptable if commercially fair; wholesale cash price is a net cash price excluding trade discounts, credit augmentations and post-importation consumer charges. The extent of direct retail sales does not alter wholesale cash price if wholesale dealings are bona fide; absence of evidence of non-commercial concessions supports treating discounts as trade discounts. en-us Fri, 01 Dec 1972 00:00:00 +0530 Tue, 20 Jan 2026 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40407 Excise duty valuation focuses on whether ad valorem duty should be based on retail prices or on wholesale cash price determined from arm's-length wholesale transactions. The analysis applies the arm's-length principle: prices charged to special or favoured buyers or pursuant to non-commercial advantages are excluded, whereas sole distributor arrangements are acceptable if commercially fair; wholesale cash price is a net cash price excluding trade discounts, credit augmentations and post-importation consumer charges. The extent of direct retail sales does not alter wholesale cash price if wholesale dealings are bona fide; absence of evidence of non-commercial concessions supports treating discounts as trade discounts. Case-Laws Central Excise Fri, 01 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40407