https://www.taxtmi.com/caselaws?id=40566 Excise valuation under Section 4 of the Central Excises and Salt Act, 1944 is based on the wholesale cash price at the factory gate or time and place of removal, not automatically on the full depot billing price. The text explains that post-manufacturing elements such as freight, insurance and selling-related expenses are not part of the assessable value and must be deducted where included in the billing price. It also notes that the wholesale cash price can be ascertained even without an actual physical market at the place of manufacture. The practical effect is that assessable value must exclude non-manufacturing costs and selling profits. en-us Thu, 01 Apr 1976 00:00:00 +0530 Mon, 10 May 2010 15:53:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40566 Excise valuation under Section 4 of the Central Excises and Salt Act, 1944 is based on the wholesale cash price at the factory gate or time and place of removal, not automatically on the full depot billing price. The text explains that post-manufacturing elements such as freight, insurance and selling-related expenses are not part of the assessable value and must be deducted where included in the billing price. It also notes that the wholesale cash price can be ascertained even without an actual physical market at the place of manufacture. The practical effect is that assessable value must exclude non-manufacturing costs and selling profits. Case-Laws Central Excise Thu, 01 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40566