Supreme Court · 1998 INSC 7 · Decided 8 January 1998
VST Industries LTD. v. Collector of Central Excise, Hyderabad
- Court
- Supreme Court of India
- Citation
- 1998 INSC 7 · [1998] 1 S.C.R. 31
- Case number
- CIVIL APPEAL No. 2524/1992
- Decided
- 8 January 1998
- Bench
- J.S. VERMA, B.N. KIRPAL, V.N. KHARE (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
LTD. A v. COLLECTOR OF CENTRAL EXCISE, HYDERABAD JANUARY 8, 1998 [J.S. VERMA, B.N. KIRPAL AND V.N. KHARE, JJ.) B Excise Law: 4. Central Excises and Salt Act, 1994-Section 4-First Schedule Item- C Central Excise (Valuation) Rule, 1975-Rule 5. Excise duty-Determination of assessable value security deposits-Wholesale price of the goods not influenced by such deposits-Held, notional interest cannot be added tu the sale price to determine all the assessable value. The appellant has been carrying on business of manufacture and sale E of cigarettes which is assessable to duty
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