https://www.taxtmi.com/caselaws?id=41663 Valuation under Section 4(a) of the Central Excises and Salt Act, 1944 depends on the price realised by the assessee in arm's length wholesale sales at the time and place of removal. A buyer's resale price cannot replace the assessee's own wholesale cash price merely because the goods are manufactured for sale under the buyer's brand name. On that basis, the demand notices under Rule 10 of the Central Excise Rules, 1944 were not sustainable because they rested on an erroneous valuation and no short levy existed on the proper assessable value. en-us Thu, 29 Aug 1985 00:00:00 +0530 Sat, 05 Jun 2010 12:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=41663 Valuation under Section 4(a) of the Central Excises and Salt Act, 1944 depends on the price realised by the assessee in arm's length wholesale sales at the time and place of removal. A buyer's resale price cannot replace the assessee's own wholesale cash price merely because the goods are manufactured for sale under the buyer's brand name. On that basis, the demand notices under Rule 10 of the Central Excise Rules, 1944 were not sustainable because they rested on an erroneous valuation and no short levy existed on the proper assessable value. Case-Laws Central Excise Thu, 29 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=41663