AURANGABAD ELECTRICALS LTD. vs COMMISSIONER OF CENTRAL EXCISE & CUSTOMS

The Supreme Court addressed the issue of valuation of Magneto Assemblies under the Central Excise Act, 1944, specifically citing Section 11A regarding the demand for differential duty. The Court held that the appellants, M/s. Aurangabad Electricals Ltd., had undervalued their products leading to short payment of duty, and thus the show cause notice issued under Section 11A was valid. The Court upheld the decision of the Adjudicating Commissioner, affirming the imposition of penalties under Sections 11AB and 11AC of the Act.