Commissioner Of Customs And C. Ex., ... vs Voltas Ltd.

The Supreme Court addressed the applicability of Section 4(1)(a) and its proviso (i) of the Central Excise and Salt Act, 1944, in determining the assessable value of refrigerators sold by the respondent-assessee. The Court held that since the assessing officer acknowledged the existence of three distinct classes of buyers, the respondent was entitled to be assessed based on the separate prices charged for each class under the first proviso to Section 4(1)(a). Consequently, the Tribunal's decision to uphold the respondent's claim was affirmed, and the appeal was dismissed.