Larger Bench decision on the concept of ‘transaction value’

Brief: The appellants, manufacturers of motor vehicles, entered into dealership agreements with their dealers. The agreement provided for servicing and warranty including free service. The dealers margin covered pre- delivery inspection and three after sales services. The issue, therefore, was whether such pre- delivery inspection and after- sale-service charges are to be included in the asses sable value of the goods for determining the duty liability under the Central Excise Act, 1944 (the Act).

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