COLLECTOR OF CENTRAL EXCISE, NEW DELHI vs GURU NANAKK REFREGERATION CORPN.

The Supreme Court examined the validity of the Customs Excise & Gold (Control) Appellate Tribunal's decision in reversing the Assistant Collector's order regarding excise duty valuation under Section 4 of the Central Excise Act, 1944. The Court held that when the normal price of excisable goods is ascertainable, the provisions for alternative valuation cannot be applied. The Tribunal's decision was set aside, affirming the Assistant Collector's order as there was no evidence of non-arm's length transactions or price manipulation.