https://www.taxtmi.com/caselaws?id=48794 Excise valuation under section 4 turns on the normal wholesale price at which goods are ordinarily sold. Sales to a related person affect assessable value only if the relationship is shown to influence the price or depress the value; here, the bulk sales price was supported by cost, profit margin, comparable sales, imports of identical goods and export realizations. Small sales to re-conditioners were a distinct and negligible class and could not replace the principal wholesale price as the benchmark. No mutuality of interest, extra-commercial consideration or depressed valuation was established, so the duty demand, penalty, confiscation and connected penalty were not sustainable. en-us Fri, 28 Apr 2000 00:00:00 +0530 Fri, 06 Aug 2010 14:42:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48794 Excise valuation under section 4 turns on the normal wholesale price at which goods are ordinarily sold. Sales to a related person affect assessable value only if the relationship is shown to influence the price or depress the value; here, the bulk sales price was supported by cost, profit margin, comparable sales, imports of identical goods and export realizations. Small sales to re-conditioners were a distinct and negligible class and could not replace the principal wholesale price as the benchmark. No mutuality of interest, extra-commercial consideration or depressed valuation was established, so the duty demand, penalty, confiscation and connected penalty were not sustainable. Case-Laws Central Excise Fri, 28 Apr 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48794