https://www.taxtmi.com/caselaws?id=45479 Where an arrangement is not at arm's length, the agreed price cannot be accepted as the true wholesale price for excise valuation. The Supreme Court treated the relationship between the parties and the contract terms as decisive and held that the price charged under such a transaction did not reflect a genuine wholesale price. The excise valuation adopted by the authorities was therefore sustained, and the challenge to that valuation failed. en-us Thu, 08 Jan 1998 00:00:00 +0530 Mon, 12 Jul 2010 10:21:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45479 Where an arrangement is not at arm's length, the agreed price cannot be accepted as the true wholesale price for excise valuation. The Supreme Court treated the relationship between the parties and the contract terms as decisive and held that the price charged under such a transaction did not reflect a genuine wholesale price. The excise valuation adopted by the authorities was therefore sustained, and the challenge to that valuation failed. Case-Laws Central Excise Thu, 08 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45479