https://www.taxtmi.com/caselaws?id=41179 Where excisable goods are sold partly to independent wholesale buyers at arm's length, the assessable value may be determined by reference to those independent sale prices. On that basis, the enquiry whether appointed distributors are related persons becomes unnecessary if the arm's-length wholesale price is otherwise applicable. The stated result is that the assessable value must be redetermined using the prices charged to independent wholesale buyers, and the related-person issue is treated as irrelevant for that exercise. en-us Thu, 06 Mar 1980 00:00:00 +0530 Mon, 31 May 2010 10:50:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41179 Where excisable goods are sold partly to independent wholesale buyers at arm's length, the assessable value may be determined by reference to those independent sale prices. On that basis, the enquiry whether appointed distributors are related persons becomes unnecessary if the arm's-length wholesale price is otherwise applicable. The stated result is that the assessable value must be redetermined using the prices charged to independent wholesale buyers, and the related-person issue is treated as irrelevant for that exercise. Case-Laws Central Excise Thu, 06 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41179