M/S. JAYANTI FOOD PROCESSING (P) LTD. vs COMMNR. OF CENTRAL EXCISE, RAJASTHAN

The Supreme Court addressed multiple appeals concerning the interpretation of Section 4 and Section 4A of the Central Excise Act, 1944, focusing on the valuation of goods for excise duty. The Court established that the assessable value must reflect the price at which the goods are sold to the consumer, inclusive of all costs incurred up to the point of sale. The appeals were disposed of with directions for recalculating excise duties based on the clarified principles, affirming the Tribunal's decisions in part and remanding certain matters for further consideration.