https://www.taxtmi.com/caselaws?id=43870 Executive trade notices cannot override the statutory valuation scheme or bind assessing authorities on depot sales. Where a genuine wholesale price at the place of removal is ascertainable and the buyer is unrelated, excisable goods must be valued under section 4(1)(a) of the Central Excises and Salt Act, 1944. Section 4(2) is only a residuary provision and cannot be used when factory gate price is available. On the admitted facts, the departmental instructions, related communications, and show cause notices were set aside, and valuation was held to follow the primary statutory method. en-us Wed, 28 Sep 1994 00:00:00 +0530 Mon, 21 Jun 2010 15:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=43870 Executive trade notices cannot override the statutory valuation scheme or bind assessing authorities on depot sales. Where a genuine wholesale price at the place of removal is ascertainable and the buyer is unrelated, excisable goods must be valued under section 4(1)(a) of the Central Excises and Salt Act, 1944. Section 4(2) is only a residuary provision and cannot be used when factory gate price is available. On the admitted facts, the departmental instructions, related communications, and show cause notices were set aside, and valuation was held to follow the primary statutory method. Case-Laws Central Excise Wed, 28 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=43870