Supreme Court of India

Commissioner of Central Excise, Mumbai v. M/s. Fiat India (p) Ltd. & Anr.

Neutral citation
Reported as [2012] 12 S.C.R. 975
Bench H.L. Dattu and Anil R. Dave JJ.
Decided 29 August 2012

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.

3 Supreme Court benches have cited this judgment.

What the Court ordered

In the result, the appeals require to be allowed and, accordingly, they are allowed and the impugned order is set aside and the order passed by the adjudicating authority is restored.

Judgment, page 58

From the headnote

Central Excise Act, 1944 - ss. 4(1)(a) and 4(1)(b) - Applicability - Assessee declaring wholesale price in terms of s. 4(1)(a) of the cars manufactured by them - Revenue determining the value of the goods as per s. 4(1)(b) rlw. Valuation Rules - Notice issued by Revenue to assessee alleging short levy and demanding differential duty - The adjudicating authority as well as the appellate authority confirming the show cause-cum-demand notice - Appellate Tribunal allowing the appeal of the assessee - On appeal, held: The fundamental criterion for computing the value of an excisable article is the

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