https://www.taxtmi.com/caselaws?id=42481 The court ruled in favor of the petitioners in a dispute regarding excise duty assessment, emphasizing that the assessable value should be based on the manufacturer's sale price to the distributor, excluding subsequent wholesale transactions. The judgment highlighted the importance of the real substance of the transaction over labeling or distributor terminology, directing the refund of disputed excise duty, discharge of the bank guarantee, and awarding costs to the petitioners. The decision clarified that labeling goods with a distributor's brand does not alter ownership or affect excise duty assessment based on the manufacturer's sale price. en-us Fri, 15 Oct 1982 00:00:00 +0530 Fri, 11 Jun 2010 15:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42481 The court ruled in favor of the petitioners in a dispute regarding excise duty assessment, emphasizing that the assessable value should be based on the manufacturer's sale price to the distributor, excluding subsequent wholesale transactions. The judgment highlighted the importance of the real substance of the transaction over labeling or distributor terminology, directing the refund of disputed excise duty, discharge of the bank guarantee, and awarding costs to the petitioners. The decision clarified that labeling goods with a distributor's brand does not alter ownership or affect excise duty assessment based on the manufacturer's sale price. Case-Laws Central Excise Fri, 15 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42481