COMMNR. OF CENTRAL EXCISE, TAMIL NADU vs M/S. SOUTHERN STRUCTURALS LTD.

The Supreme Court ruled that the respondent, M/s. Southern Structurals Ltd., contravened Section 4 of the Central Excise Act, 1944 by undervaluing goods and failing to include inspection charges and escalation charges in the assessable value. The Court upheld the demand for duty amounting to Rs.61,44,084/- on interest accrued on advances and Rs.7,560/- on inspection charges, confirming the Commissioner of Central Excise's order. The judgment emphasizes the importance of accurate valuation under the Central Excise framework.