COMMNR.,CUSTOMS & CENT.EXCISE AURANGABAD vs M/S. ROOFIT INDUSTRIES LTD.

The Supreme Court addressed the issue of valuation of excisable goods under Section 4 of the Central Excise Act, 1944, holding that the place of removal is crucial in determining the assessable value. The Court upheld the CESTAT's decision in favor of the respondent, stating that the agreements for the delivery of goods at the project site, rather than at the factory gate, justified the deductions made by the respondent. Consequently, the appeal by the Revenue was dismissed, affirming the Tribunal's ruling that the valuation was consistent with established legal principles.