Revenue vs Assessee - 2022 Supreme(Online)(SC) 830

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

Advocates:
For the Appellants/Petitioners: Mr. Balbir Singh
For the Respondents: Mr. S. Sunil

Table of Content
1. impugned order relates to undervalued sales. (Para 1 , 2 , 3)
2. valuation methodology for excise duty. (Para 4 , 5 , 6)
3. application of residuary provision for assessment. (Para 7 , 8)
4. dispute regarding revenue's method for valuation. (Para 9 , 10)
5. commissioner's affirmation of valuation method. (Para 11 , 12)
6. arguments presented by both parties. (Para 13 , 14)
7. binding nature of circulars issued by revenue. (Para 15 , 16 , 17)
8. circulars do not supersede court judgments. (Para 18 , 19 , 20 , 21)
9. validity of circulars interpreted in context. (Para 22 , 23 , 24)
10. valuation considerations in cases with mixed sales. (Para 25 , 26 , 27 , 28 , 29)
11. benchmark pricing from independent sales to be used. (Para 30 , 31 , 32)
12. approach for determining assessable value. (Para 33 , 34 , 35)
13. applicability of methodology conforming to circular. (Para 36 , 37)
14. discussion on extended period of limitation. (Para 38)
15. final conclusion on assessment and compliance with regulations. (Para 39 , 40)
16. conclusion allowing the civil appeal. (Para 41 , 42)

1. The present Civil Appeal originates from the impugned order dated 30. 11. 2017 passed by the Customs, Exci