1997 (12) TMI 120

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....the valuation of Aluminium rods. There is no dispute that at the material point of time there was a price control order in force relating to Aluminium rods. This was done by a notification issued by the Government of India on October 18, 1978. The grievance of the appellant is that although the law is well-settled that the controlled price should be taken as the normal price at which the goods are....

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.... price higher than the controlled price it cannot be taken to be the normal price. The law on this point is laid down by Section 4 of the Central Excise Act, 1944 which lays down rules of valuation of excisable goods. Clause (a) of sub-section (1) of Section 4 provides that the goods should be valued with reference to normal price thereof. This is the price at which such goods are ordinarily sold ....