https://www.taxtmi.com/caselaws?id=40871 Excise valuation must be based on the normal wholesale cash price at the factory gate, because duty is levied on manufacture and section 4 requires assessment at the time and place of removal. The intermediary buyer's downstream resale price cannot replace the manufacturer's price unless there is evidence that the factory-gate price is specially low or that the buyer is a favoured customer in a non-arm's-length arrangement. On the facts, the goods were specialised components with a limited market and the intermediary was the natural wholesale outlet, so the factory-gate price remained the proper assessable value. en-us Thu, 04 Sep 1980 00:00:00 +0530 Sat, 15 May 2010 13:51:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40871 Excise valuation must be based on the normal wholesale cash price at the factory gate, because duty is levied on manufacture and section 4 requires assessment at the time and place of removal. The intermediary buyer's downstream resale price cannot replace the manufacturer's price unless there is evidence that the factory-gate price is specially low or that the buyer is a favoured customer in a non-arm's-length arrangement. On the facts, the goods were specialised components with a limited market and the intermediary was the natural wholesale outlet, so the factory-gate price remained the proper assessable value. Case-Laws Central Excise Thu, 04 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40871