Supreme Court: Calculate Goods Value by Deducting 28% Margin, Not 33.33%

The Supreme Court of India held that the assessable value of goods should be calculated by deducting a margin of 28% instead of 33.33%, following a Tribunal precedent. The appeal was allowed, and no costs were awarded.

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The Supreme Court of India determined that the assessable value of goods should be calculated by deducting a margin of 28% instead of 33.33%. The decision was based on a previous judgment of the Tribunal. The appeal was allowed with no order as to costs. (Case Citation: 1997 (12) TMI 118 - SC Order)

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