Supreme Court · 2015 INSC 596 · Decided 25 August 2015
Commissioner of Central Excise, Nagpur-I v. M/S. Indorama Synthetics (I) LTD.
- Court
- Supreme Court of India
- Citation
- 2015 INSC 596 · [2015] 11 S.C.R. 512
- Case number
- CIVIL APPEAL No. 1834/2006
- Decided
- 25 August 2015
- Bench
- A.K. SIKRI, R.F. NARIMAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Central Excise Act Section 4
Headnote
B Central Excise Act, 1944: s.4 - Transaction value - Goods cleared as deemed export to advance licence holders c· at a price lower than what was being charged to the other buyers who did not hold advance licence - Additional , consideration received by the assessee on surrender of buyers - Inclusion of, in the transaction value - Held: Additional monetary consideration, D in addition to· the price being paid for the goods, i.e. transfer of advance import licence in favour of the ·seller by the buyer enabling the seller of the goods to effect duty free import
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