Supreme Court of India
Commissioner of Central Excise, Mumbai-iii v. M/s I.S.P. Industries Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
From the headnote
Central Excise and Salt Act, 1944/Central Excise (Valuation) Rules, 1975-Section 4/Rule 5-Valuation of excisable goods-Interest free advances taken by manufacturer from buyer-Notional interest thereon-Whether liable to be added to assessable value of goods-Held: Such notional interest cannot be added to the assessable value of goods unless it is proved by Revenue that such advance has influenced lowering of the price- . presumption that fixation of price is influenced by such advance, cannot be drawn-Central Excise Valuation (Determination of Price of Excisable Goods) Rules, 2003.
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