Price not Sole Sale Consideration: Supreme Court axes Excise Duty Demands against BPCL

The Supreme Court recently ruled in favor of Bharat Petroleum Corporation Limited (BPCL), stating that the price received by the company for its sale of products is not the sole consideration for determining excise duty. The case involved a dispute over excise duty demands based on the sale price of petroleum products. BPCL argued that the duty should be based on the actual transaction price, and the court agreed, ruling that the price alone cannot be used to calculate excise duty. This decision provides relief to BPCL and other businesses facing similar disputes, emphasizing a more nuanced approach to the application of excise laws.