https://www.taxtmi.com/caselaws?id=42854 The High Court of Judicature at Bombay set aside the Assistant Collector's order regarding the excise duty assessment of transistor radios. The court ruled that the assessable value should be based on the price at which the petitioner sold the radios to another company, not the subsequent sale price by the purchasing company. The court clarified the interpretation of "related person" under Section 4(4)(c) of the Act and found no such relationship between the petitioner and the purchasing company. The Assistant Collector's decision was deemed unsustainable, and the court directed the assessment based on the petitioner's sale price, ruling in favor of the petitioner without awarding costs. en-us Mon, 01 Oct 1990 00:00:00 +0530 Mon, 14 Jun 2010 16:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=42854 The High Court of Judicature at Bombay set aside the Assistant Collector's order regarding the excise duty assessment of transistor radios. The court ruled that the assessable value should be based on the price at which the petitioner sold the radios to another company, not the subsequent sale price by the purchasing company. The court clarified the interpretation of "related person" under Section 4(4)(c) of the Act and found no such relationship between the petitioner and the purchasing company. The Assistant Collector's decision was deemed unsustainable, and the court directed the assessment based on the petitioner's sale price, ruling in favor of the petitioner without awarding costs. Case-Laws Central Excise Mon, 01 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=42854