https://www.taxtmi.com/caselaws?id=46519 Where excise valuation under s.4(1) turned on whether the department could disregard the transaction price, the SC held that the conditions of s.4(1)(a) were admittedly satisfied: the buyer was not a related person and price was the sole consideration. As paras (14)-(18) of the show cause notice disclosed no material to suggest any vitiating circumstance to doubt the normal wholesale price, recourse to s.4(1)(b) was impermissible and the notice lacked jurisdictional foundation to reopen valuation. Consequently, the HC was justified in quashing those paragraphs, and the revenue's appeal was dismissed. en-us Thu, 03 Apr 2003 00:00:00 +0530 Sun, 28 Dec 2025 23:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46519 Where excise valuation under s.4(1) turned on whether the department could disregard the transaction price, the SC held that the conditions of s.4(1)(a) were admittedly satisfied: the buyer was not a related person and price was the sole consideration. As paras (14)-(18) of the show cause notice disclosed no material to suggest any vitiating circumstance to doubt the normal wholesale price, recourse to s.4(1)(b) was impermissible and the notice lacked jurisdictional foundation to reopen valuation. Consequently, the HC was justified in quashing those paragraphs, and the revenue's appeal was dismissed. Case-Laws Central Excise Thu, 03 Apr 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46519