https://www.taxtmi.com/caselaws?id=40826 Where biscuits were sold partly at the factory gate in arm's length wholesale transactions, the assessable value under Section 4 of the Central Excises and Salt Act, 1944 had to be based on the ex-factory wholesale cash price, not the distributors' resale price. The existence of such wholesale sales was sufficient to ascertain the proper valuation, and the number of transactions was not decisive. A price including freight and other manufacturing expenses could not replace the available wholesale cash price. The contrary valuation was set aside and valuation was to be redetermined on the factory-gate basis. en-us Wed, 28 May 1980 00:00:00 +0530 Sat, 15 May 2010 11:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40826 Where biscuits were sold partly at the factory gate in arm's length wholesale transactions, the assessable value under Section 4 of the Central Excises and Salt Act, 1944 had to be based on the ex-factory wholesale cash price, not the distributors' resale price. The existence of such wholesale sales was sufficient to ascertain the proper valuation, and the number of transactions was not decisive. A price including freight and other manufacturing expenses could not replace the available wholesale cash price. The contrary valuation was set aside and valuation was to be redetermined on the factory-gate basis. Case-Laws Central Excise Wed, 28 May 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40826