Supreme Court · 2003 INSC 211 · Decided 2 April 2003
Commissioner of Central Excise, Mumbai-Iii v. M/S I.S.P. Industries LTD.
- Court
- Supreme Court of India
- Citation
- 2003 INSC 211 · [2003] 3 S.C.R. 814
- Case number
- CIVIL APPEAL No. 2884/1999
- Decided
- 2 April 2003
- Bench
- S.N. VARIAVA, BRIJESH KUMAR (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Central Excise and Salt Act, 1944/Central Excise (Valuation) Rules, 1975-Section 4/Rule 5-Valuation of excisable goods-Interest free advances C taken by manufacturer from buyer-Notional interest thereon-Whether liable to be added to assessable value of goods-Held: Such notional interest cannot be by Revenue that such advance has influenced lowering of the price-A . presumption that fixation of price is influenced by such advance, cannot be drawn-Central Excise Valuation (Determination of Price of Excisable Goods) D Rules, 2003. Appellant-Revenue issued show cause cum demand notices calling
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