Supreme Court · 2005 INSC 347 · Decided 9 August 2005
Commissioner of Central Excise, BHUBANESHWAR-11 v. M/S Ifgt Refractories LTD.
- Court
- Supreme Court of India
- Citation
- 2005 INSC 347 · [2005] SUPP. 2 S.C.R. 480
- Case number
- CIVIL APPEAL No. 4472/2001
- Decided
- 9 August 2005
- Bench
- S.N. VARIAVA, AR. LAKSHMANAN (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Central Excise Act Section 4
Headnote
OF CENTRAL EXCISE, BHUBAN.SSHWAR-11 B c D v. MIS IFGT REFRACTORIES LTD. AUGUST 9, 2005 [S.N. V ARIA VA AND DR. AR. LAKSHMANAN, JJ.) Central Excise Act, 1944/Export and Import Policy, 1992; Duty Exemption Scheme : Valuation-Refractories-Contract of sale between assessee-vendor and forming part of the purpose of levy of excise duty-Reversed by the Tribunal-On appeal, Held : Price includes money value of additional consideration flowing either directly or indirectly from buyer to seller in a contract of sale of goods-Assessee did not have any advance licence of their
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