Supreme Court of India
Commissioner of Central Excise, Nagpur-i v. M/s. Indorama Synthetics (i) 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.
What the Court ordered
In view of the foregoing, we are of the considered F opinion that this case is squarely covered by the judgment of this Court in /FGL's11 case.
Judgment, page 20
From the headnote
Central Excise Act, 1944: s.4 - Transaction value - Goods cleared as deemed export to advance licence holders c· at a price lower than what was being charged to the other buyers who did not hold advance licence - Additional , consideration received by the assessee on surrender of advance licence by the buyers - Inclusion of, in the transaction value - Held: Additional monetary consideration, in addition to· the price being paid for the goods, i.e. transfer of advance import licence in favour of the ·seller by the buyer enabling the seller of the goods to effect duty free import of . the raw
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