COMMNR. OF CENTRAL EXCISE, GHAZIABAD vs M/S. APEX TRADERS

The Supreme Court, in this case, addressed the interpretation of Section 4 of the Central Excise Act, 1944, regarding the assessable value of goods. The Court upheld the decision allowing the deduction of rent on containers (ROC) from the sale price, affirming that ROC does not form part of the assessable value as established in previous rulings. The Court also clarified that the wholesale price at the factory gate should be considered for assessment, leading to the dismissal of the department's appeal.