COMMNR. OF CENTRAL EXCISE, AURANGABAD vs M/S. BAJAJ AUTO LTD.

The Supreme Court addressed the valuation of aluminum castings under the Customs Act, 1962, specifically citing Section 130-E and Proviso to Section 11AC(1). The Court held that the assessable value for Central Excise Duty must include all expenses incurred, such as sales tax and freight, which were not accounted for in the pricing by Bajaj Auto Ltd. The judgment affirmed the Tribunal's decision to impose differential duty and penalties for undervalued clearances, emphasizing the need for accurate valuation in compliance with the Central Excise (Valuation) Rules, 1975.