https://www.taxtmi.com/caselaws?id=49021 Clearances supplied in bulk to the bakery and catering industry, marked not for retail sale and intended for industrial use, were treated as wholesale sales, so the exemption was available. Bulk steel supplies to Government units were also held not to be retail sales because quantity and commercial context showed wholesale transactions. The 10% price preference paid by buyers to the assessee formed part of the transaction value and was includible in assessable value, as it was not a true external subsidy. Suppression of material facts sustained duty liability, while the penalty was reduced in light of the circumstances. en-us Fri, 01 Jul 2005 00:00:00 +0530 Mon, 09 Aug 2010 11:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49021 Clearances supplied in bulk to the bakery and catering industry, marked not for retail sale and intended for industrial use, were treated as wholesale sales, so the exemption was available. Bulk steel supplies to Government units were also held not to be retail sales because quantity and commercial context showed wholesale transactions. The 10% price preference paid by buyers to the assessee formed part of the transaction value and was includible in assessable value, as it was not a true external subsidy. Suppression of material facts sustained duty liability, while the penalty was reduced in light of the circumstances. Case-Laws Central Excise Fri, 01 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49021