Supreme Court · 2015 INSC 891 · Decided 7 December 2015
M/S. Steel Authority of India LTD. v. Commissioner of Central Excise, Raipur
- Court
- Supreme Court of India
- Citation
- 2015 INSC 891 · [2015] 10 S.C.R. 938
- Case number
- CIVIL APPEAL No. 2150/2012
- Decided
- 7 December 2015
- Bench
- A.K. SIKRI, R.F. NARIMAN (2-judge bench)
- Outcome
- Matter referred to larger bench
- Case type
- Civil
- Acts & sections cited
- Central Excise Act Section 11, 4
Headnote
Central Excise Act, 1944 - s. 11 AB - Interest on delayed C payment of duty- Supplementary invoices raised by seller due to price increase by virtue of price variation clause in the sale contract- Differential duty paid by seller on value of such supplementary invoices- Payment of the said differential duty- Held: As on the date when the D goods were cleared, there was no certainty that there would be price escalation - It is impossible to expect the assessee to pay the excise duty, at the time of clearance of the goods, on the basis of price escalation that took place at
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)