Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be discontinued on 31-07-2025
If you encounter any issues or problems while using the new portal,
please
let us know via our feedback form
so we can address them promptly.
Home
2017 (2) TMI 247 - AT - Central ExciseValuation - freight - whether the excess insurance amount towards transit insurance of the excisable goods collected by the appellant from their buyer is includible in the assessable value of the final product or otherwise? Held that - The Hon ble Apex Court in case of Baroda Electric Meters Ltd. Versus Collector of Central Excise 1997 (7) TMI 126 - SUPREME COURT OF INDIA held that even if amount on account of freight collected over and above the actual freight that amount is on account of freight only and therefore the same is not includible in the assessable value - excess amount collected by the appellant on account of insurance premium is not includible in the assessable value - appeal allowed - decided in favor of appellant.
|