Supreme Court · 2004 INSC 358 · Decided 5 May 2004
M/S. H.B.L. Aircraft Batteries LTD. v. Commissioner of Central Excise, Hyderabad
- Court
- Supreme Court of India
- Citation
- 2004 INSC 358 · [2004] SUPP. 2 S.C.R. 94
- Case number
- CIVIL APPEAL No. 898/1998
- Decided
- 5 May 2004
- Bench
- S. RAJENDRA BABU, G.P. MATHUR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
AIRCRAFT BATTERIES LTD. v. COMMISSIONER OF CENTRAL EXCISE, HYDERABAD MAY 5, 2004 B [RA.IENDRA BABU, CJ. AND G.P. MA THUR, J.] Central Excises and Salt Act. 1944/Central Excise (Valuation) Rules, 1975-Section 4 /Rules 4, 5 and 6{bj(iil-Assessable value of goods­ Determination of-Goods : Value should be on the basis of con1rac1 price and not the market value-Determination on the basis of comparable value to arise only when the value is undeterminable. D Appellant-assessee was manufa;turing Silver Oxide Zinc Batteries, in which silver was used as raw material. It used to supply
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