2006 (5) TMI 4

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.... on the basis of their value. They sold the tractors to dealers and adopted their sale price to the dealers as assessable value for discharging central excise duty. 2. Subsequently, two show cause notices were issued to treat the margin of the dealers also as part of the assessable value. The ground taken was that the dealers were agent of the appellant and agent's commission is not to be deduc....

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....ord and heard both sides. The contentious Circular may be extracted:                                                       &nbs....