M/S. KIRLOSKAR BROS. LTD. vs UNION OF INDIA .

The Supreme Court held that under Section 4 of the Central Excises and Salt Act, 1944, the assessable value of manufactured pumps must include the excise duty paid on electric motors used in their production. The Court found that the Appellate Collector correctly allowed deductions for both the excise duty and trade discounts given to wholesalers, thus quashing the Assistant Collector's demand for short levy. The Court upheld the Appellate Collector's decision, emphasizing the proper calculation of assessable value in excise duty assessments.