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Supreme Court of India

Bharat Petroleum Corporation Ltd. v. Commissioner of Central Excise Nashik Commissionerate

Neutral citation
Reported as [2025] 1 S.C.R. 1987
Bench Abhay S. Oka and Pankaj Mithal JJ.
Decided 20 January 2025

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

Issue for Consideration Whether while computing excise duty under the Central Excise Act, 1944 on sale of petroleum products, price of the products can be considered as the sole consideration and whether the revenue was entitled to invoke extended period of limitation u/s.11A(1) of the Act and to levy a penalty u/s.11AC of the Act? Headnotes† Central Excise Act, 1944 – Valuation of goods-price as sole consideration of goods: Held: The Memorandum of Understanding (MOU) dated 31st March 2002 by and between the Oil Marketing Companies (OMCs) incorporates mutual arrangements made by MNCs for an

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