Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory

Last updated: 26 May 2015

Court :
High Court

Brief :
The Hon’ble Apex Court held that it is clear that by letter dated April 15, 2002, the original purchase order dated October 31, 2001 was novated insofar as price was concerned, which is before the date of removal of goods from the factory premises in May, 2002. Since duty has been paid on the basis of the original price in the purchase order, the difference between the said rate and the reduced rate has to be refunded.

Citation :
HPL Socomac Ltd. Vs. Commissioner of Central Excise, Gurgaon [2015-TIOL-117-SC-CX]

You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :

Stay updated! Stay ads free

Browse CAclubindia ads free.
Latest updates on WA.
Daily E-Newsletter and much more.

CCI PRO annual subscription :

Original Price : INR 2999/-

Offer Price : INR 1999/-

Duration : 1 year
(Prices Inclusive of GST)

Know More

Note: If you are a PRO member already, please click here to login (for ad free experience)

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Bimal Jain

Published in Excise
Views : 2253

Share Report Abuse

Comments

Refund of excess Excise duty permissible on reduction in contract price after clearance of goods from factory

You have reached daily limit of 2 Free Judgements. To view this or other Judgements please subscribe to CCI PRO :