JUDGMENT : The Excise authorities as well as the Single Judge of the High Court have come to the conclusion that the agreement between the appellant and M/s. Bata Shoe Company was not at arms length and, therefore, the price charged by the appellant from Bata Shoe Company cannot be regarded as the wholesale price for the purposes of Section 4 of the Central Excises and Salt Act. 2. The learned Counsel has taken us through the agreement in question and, in our opinion, the conclusion arrived at by the Excise authorities as affirmed by the High Court calls for no interference. The appeal is dismissed with costs.