Ex-factory selling price of excisable goods
The ex-factory selling price of excisable goods shall be––- (a) if the excisable goods are sold by the manufacturer,
other than to a purchaser*in an arm’s length transaction, the price payable by the purchaser; or (Finance Act 2022-wef-01-July-2022*) - (b) in any other case, the open market value of the goods at the time of removal from the manufacturer’s factory.
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