https://www.taxtmi.com/caselaws?id=44536 Excise duty on goods cleared from the factory had to be assessed at the time of removal on the normal price ordinarily realised from independent customers, not on a lower price later obtained from a special bulk buyer. Because the goods were sent to outside magazines without being earmarked for any specific sale and no price list was filed for those removals, the later contingent sale could not reduce the duty already attracted on clearance. Provisional payment did not override the statutory basis of valuation at the point of removal. The excise authority was therefore justified in adopting the ordinary market price, and the assessee's contention failed. en-us Fri, 09 May 1997 00:00:00 +0530 Sat, 05 Jul 2014 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=44536 Excise duty on goods cleared from the factory had to be assessed at the time of removal on the normal price ordinarily realised from independent customers, not on a lower price later obtained from a special bulk buyer. Because the goods were sent to outside magazines without being earmarked for any specific sale and no price list was filed for those removals, the later contingent sale could not reduce the duty already attracted on clearance. Provisional payment did not override the statutory basis of valuation at the point of removal. The excise authority was therefore justified in adopting the ordinary market price, and the assessee's contention failed. Case-Laws Central Excise Fri, 09 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=44536