1980 (7) TMI 100 - CGOVT - Central Excise

Valuation - Sale of goods at higher price subsequent to their clearance from factory - Effect on assessable value

Summary

The Government of India considered points raised in the Revision Case. Goods were sold at a higher price due to increase in prices later. Assessable value of goods should be based on price at time of removal from manufactory. Petitioners' contention accepted, Revision Case allowed.