2000 (6) TMI 429

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..... r per : C.N.B. Nair, Member (T)]. Appellants are manufacturers of paints and varnishes. They were selling their goods both on ex-factory basis to dealers and on contract basis to other parties. In respect of contract sales, the delivery was to be effected at the premises of the buyer. The appellants filed price lists in part I proforma in respect of ex-factory sales and in Part II proforma i .....

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..... is settled law that such prices would rightly constitute the assessable value in respect of those goods and that the part I price, covering the normal price at which goods are sold to dealers, would have no application for the assessment of goods sold on contract basis. It is also settled law that freight, whether collected on average/equalized basis or on actual basis, is eligible for deduction w .....

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