M/S. SIDDARTHA TUBES LTD. vs COMMISSIONER OF CENTRAL EXCISE

The Supreme Court held that under Section 4 of the Central Excise Act, 1944, the assessable value of m.s./g.i. pipes must include the cost of sockets and service charges, as these are integral to the sale price. The Court emphasized that the valuation for excise duty is based on the normal price charged by the manufacturer, not on a conceptual value. The appeal was dismissed, affirming the department's inclusion of these costs in the assessable value.