1986 (4) TMI 76

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.... under brand names belonging to the wholesale dealers. The brand name are affixed to the electrical appliances manufactured by the appellants pursuant to the orders placed by the wholesale dealers. The assessing authorities originally approved the price list submitted by the appellants on the basis that the appellants were manufactures on their own account and the value of the goods manufactured b....

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....r to the show cause notices and contended that they were manufacturers of the goods on their own account, that the wholesale cash price at which they sold the goods to the wholesale dealers was liable to be taken as the value of the goods for the purpose of levy of excise duty and that the value of the brand names should not be added to the wholesale cash price for determining the excisable value.....

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....(22) E.L.T. 324 (S.C.). It is clear on an application of the principles laid down in these two decisions that the appellants manufactured these goods on their own account and not on behalf of the brand name owners and the assessable value of the goods manufactured by the appellants was the wholesale price at which the appellants sold the goods to the brand name owners and not the wholesale price a....