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2024 (2) TMI 726 - AT - Central ExciseValuation - inclusion of insurance charges recovered in excess from the customers - HELD THAT:- The issue is not more res integra and has already been decided by the Hon’ble Supreme Court in the case of BARODA ELECTRIC METERS LTD. VERSUS COLLECTOR OF CENTRAL EXCISE [1997 (7) TMI 126 - SC ORDER], wherein the Hon’ble Supreme Court held the excess amount represents profit element. Once this is so, the same cannot be subjected to excise duty inasmuch as the duty is leviable on manufacture of goods and not on profit. The impugned order set aside - appeal allowed.
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