https://www.taxtmi.com/caselaws?id=46764 Under the pre-amendment Section 4 valuation scheme, excise duty had to be assessed on the normal price at the factory gate where an ex-factory price was ascertainable. Depot sale prices could not be used to enlarge the assessable value, and post-manufacturing or depot-related expenses such as transport, insurance, dealer's margin, after-sales service charges and advertising were excluded from excise valuation. Because tractors were also sold at the factory gate, that price remained the proper basis for valuation, and later amendments treating depots as places of removal could not govern the earlier period. The show cause notices based on depot-price valuation were therefore unsustainable. en-us Fri, 13 Sep 2002 00:00:00 +0530 Fri, 23 Jul 2010 17:15:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46764 Under the pre-amendment Section 4 valuation scheme, excise duty had to be assessed on the normal price at the factory gate where an ex-factory price was ascertainable. Depot sale prices could not be used to enlarge the assessable value, and post-manufacturing or depot-related expenses such as transport, insurance, dealer's margin, after-sales service charges and advertising were excluded from excise valuation. Because tractors were also sold at the factory gate, that price remained the proper basis for valuation, and later amendments treating depots as places of removal could not govern the earlier period. The show cause notices based on depot-price valuation were therefore unsustainable. Case-Laws Central Excise Fri, 13 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46764