1987 (1) TMI 109

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....n favour of the assessees by a judgment of this Court in M/s. Sidhosons v. Union of India [1986 (26) E.L.T. 881 (S.C.)]. The assessees have manufactured the excisable goods for the buyers who are owners of the respective brand names. The buyers have in turn sold the said goods to their wholesale dealers under their brand names. 2.The assessees contend that in making computation of the excise du....

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....company or go into its coffers. It accrues to the buyers to whom the brand name belongs and to whom the fruits of the goodwill belong. Excise duty is payable on the market value fetched by the goods, in the wholesale market at the factory gate manufactured by the manufacturers. It cannot be assessed on the basis of the market value obtained by the buyers who also add to the value of the manufactur....