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2019 (11) TMI 831 - AT - Central ExciseValuation - includibility of insurance and freight in assessable value - It was observed by the Revenue the amount collected by the appellant was in excess of the amount Freight, paid by the appellant to the transporter. Similarly insurance was connected in some cases where there was no corresponding payment to any Insurance Company. HELD THAT:- The decision of the Hon’ble Apex Court in case of COMMISSIONER OF CENTRAL EXCISE, NOIDA VERSUS M/S. ACCURATE METERS LTD. [2009 (3) TMI 1 - SUPREME COURT] is specifically covers the issue at hand - The Hon’ble Apex Court in the said case has held that Tribunal were correct in their view that the amount claimed by way of transportation charges and insurance cannot be considered for determining the value of the electric meters supplied. Appeal allowed - decided in favor of appellant.
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