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2017 (1) TMI 292 - AT - Central ExciseValuation - extra consideration received by the appellant on account of transit insurance was to be added in the assessable value or not? - Held that: - reliance was placed in the appellant's own case JCT LIMITED Versus COMMISSIONER OF CENTRAL EXCISE, JALANDHAR [2013 (9) TMI 492 - CESTAT NEW DELHI], where it was held that The price charged at the time of removal was not the sole consideration for transaction of sale. The adjudicating authority and the Commissioner (Appeals) were right in including the difference of transit insurance charged and the amount received by the appellant against transit insurance charge in sale price to work out transaction value for the purpose of excise duty. The extra consideration received by the appellant over and above on actual insurance charges, is required to be added in the assessable value of the finished goods - appeal dismissed - decided against appellant-assessee.
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