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2019 (11) TMI 301 - AT - Central ExciseValuation - inclusion of freight and insurance in the assessable value - whether the freight and insurance charges have to be included in the assessable value when the goods are delivered at the buyers’ premises? - HELD THAT:- The facts show that freight and insurance charges are separately quoted in purchase orders and price of goods is agreed to be Ex-Works price - The Hon’ble Apex Court in the case of M/s Ispat Industries Limited [2015 (10) TMI 613 - SUPREME COURT] has considered the very same issue and held that the buyers’ premises can never be the place of removal. The issue is settled in favor of the assessee and the freight and insurance charges is not required to be included in the assessable value - The demand of duty by including freight and insurance charges cannot sustain - Appeal allowed - decided in favor of appellant.
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