https://www.taxtmi.com/caselaws?id=40750 An excise valuation order under section 4 treating the buyer's price as the assessable value was found unsustainable because it was passed without considering the agreement between the parties and the surrounding circumstances. The Court held that the existence of an appellate remedy did not justify of relief where the impugned order was cryptic and had ignored material facts relevant to valuation. The order was set aside and the matter was remanded to the Assistant Collector for fresh decision after hearing the petitioners and considering all relevant circumstances, including the agreement. en-us Tue, 30 Oct 1979 00:00:00 +0530 Fri, 14 May 2010 12:45:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40750 An excise valuation order under section 4 treating the buyer's price as the assessable value was found unsustainable because it was passed without considering the agreement between the parties and the surrounding circumstances. The Court held that the existence of an appellate remedy did not justify of relief where the impugned order was cryptic and had ignored material facts relevant to valuation. The order was set aside and the matter was remanded to the Assistant Collector for fresh decision after hearing the petitioners and considering all relevant circumstances, including the agreement. Case-Laws Central Excise Tue, 30 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40750