https://www.taxtmi.com/caselaws?id=41156 For valuation under section 4 of the Central Excises and Salt Act, 1944, the real character of the sale determines whether the normal price is based on wholesale trade or on the valuation rules. Sales directly to industrial consumers may fall within wholesale trade only if they are in substance purchases otherwise than in retail. On the facts stated, the goods were supplied directly to industrial consumers without intermediary dealers, but the manner of sale and pricing reflected a retail pattern rather than a true wholesale market. The direct sales were therefore not established as wholesale sales for valuation purposes, and the proposed wholesale-based approach was not sustained. en-us Mon, 18 Jun 1979 00:00:00 +0530 Fri, 21 May 2010 13:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41156 For valuation under section 4 of the Central Excises and Salt Act, 1944, the real character of the sale determines whether the normal price is based on wholesale trade or on the valuation rules. Sales directly to industrial consumers may fall within wholesale trade only if they are in substance purchases otherwise than in retail. On the facts stated, the goods were supplied directly to industrial consumers without intermediary dealers, but the manner of sale and pricing reflected a retail pattern rather than a true wholesale market. The direct sales were therefore not established as wholesale sales for valuation purposes, and the proposed wholesale-based approach was not sustained. Case-Laws Central Excise Mon, 18 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41156