2009 (3) TMI 1 - SUPREME COURT

Includibility of ‘freight’ and ‘insurance charges’ in the value of the goods (electric meters) – revenue plea is that the manufactured goods were actually delivered to the purchasers at their premises and not at the factory gate – in the impugned case value of the electric meters was to be fixed as at the factory gate - freight and the insurance charges, were to be charged on an average basis and not on actual basis – therefore, transportation and insurance charges are not includible