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Supreme Court of India

Commissioner of Central Excise, v. M/s Grasim Industries Ltd.through its Secretary

Neutral citation
Reported as [2018] 6 S.C.R. 1099
Bench Ranjan Gogoi, N. V. Ramana, R. Banumathi, Mohan M. Shantanagoudar and S. Abdul Nazeer JJ.
Decided 11 May 2018

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.

4 Supreme Court benches have cited this judgment.

What the Court ordered

We are of the view that there is no discernible difference in the statutory concept of ‘transaction value’ and the judicially evolved meaning of ‘normal price’.

Judgment, page 22

From the headnote

Central Excise Act, 1944 – ss.3 and 4 – Whether s.4 of the Central Excise Act, 1944 (as substituted with effect from 1-7-2000) and the definition of “transaction value” in clause (d) of s ub-section (3) of s.4 are subject to s.3 of the Act – Held: T he observations made in Acer India Ltd. to the effect that ‘transaction value’ defined would be subject to the charging provisions contained in s.3 o f the Act will have viewed in the context of a situation where a n addition of the value of a non-dutiable item was sought to be made to the value of a dutiable item for the purpose of determi nation

Authorities it was built on

Where later benches applied it

Of those, 4 referred to

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