1980 (5) TMI 35 - CGOVT - Central Excise

Summary

The Government of India considered a revision application regarding the assessment of excisable biscuits. The petitioners argued that sales to distributors were at arms length and distributor prices did not represent assessable value. Referring to a Supreme Court judgment, the Government held that ex-factory wholesale cash price charged to wholesale buyers other than distributors should determine assessable value. The order-in-appeal was set aside and the revision application was allowed.