Supreme Court · 2016 INSC 48 · Decided 14 January 2016
Commissioner of Central Excise, Pune v. Hindustan National Glass and Industries Limited
- Court
- Supreme Court of India
- Citation
- 2016 INSC 48 · [2016] 1 S.C.R. 250
- Case number
- CIVIL APPEAL No. 1829/2008
- Decided
- 14 January 2016
- Bench
- DIPAK MISRA, N.V. RAMANA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Central Excise Act
Headnote
Central Excise Act, 1944 - Under Valuation - Short payment of duty - Manufacturers-assessee received advance from purchasers for the goods and was giving discount to the said companies - Non-addition of additional consideration received from customers in form interest accrued thereon is to be added to sale price - Non-addition resulting in depression of assessable value of the goods - Demand raised by Adjudicating Authority being duty payable on the said additional consideration as also imposition of penalty - Appeal before tribunal - Tribunal
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