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2009 (5) TMI 663 - AT - Central ExciseValuation - Insurance charges - demand on the ground that appellant have received more insurance charges from their customers then the actual amount spent by them - Held that:- Any excess recovery on account of the insurance activity cannot be added to the assessable value. It is not the Revenue’s case that the assessable value adopted in other cases, where no insurance service was being provided, is depressed or incorrect. There is also no other evidence on record indicating that such recovery of more insurance amount was on account of the value of the cleared products - Reliance placed in the case of BARODA ELECTRIC METERS LTD. VERSUS COLLECTOR OF CENTRAL EXCISE [1997 (7) TMI 126 - SUPREME COURT OF INDIA]. As the appeal has been allowed on merits the appellants’ plea of the demand being barred by limitation is not being considered. Appeal allowed - decided in favor of appellant.
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