Case Law Details
Case Name : Commissioner of Central Excise, Mumbai Vs M/s. Fiat India (P) Ltd. & ANR. (Supreme Court of India)
Related Assessment Year :
Courts :
Supreme Court of India
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Excise duty to be computed on the basis of manufacturing cost plus profit where the goods are sold at a price below the cost of production : It was held that commercial cost of manufacturing the cars was not reflected in the assessable value declared by the assessee.Hence it cannot be accepted as ‘normal price’ for the sale of cars. If any unusual price is charged because of ‘extra commercial consideration’, the price charged could not be taken to be fair and reasonable for t
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