ASHOK LEYLAND LTD. vs COLLECTOR OF CENTRAL EXCISE, MADRAS — C.A. No. 4995/1995

Case Summary: Ashok Leyland Ltd. v. Collector of Central Excise, Madras Outcome: The Supreme Court dismissed Ashok Leyland's appeal on November 13, 2002. The Court upheld that excise duty valuation for vehicle components transferred to sister units must be determined under Section 4(1)(a) of the Central Excise Act (based on ascertainable market sale price), not Section 4(1)(b). The Court rejected the company's argument that prices were unascertainable, finding that since components were sold in the open market at determined prices, Section 4(1)(b) did not apply. No order as to costs was made. This case analysis is maintained by casestatus.in based on publicly available court records.