Assessable value in central excise excludes freight and insurance charges when they are separate from the goods' value.

Freight and insurance charges were held not to form part of the assessable value for central excise duty, because the Supreme Court principle applied in the text treats transportation and insurance costs as outside the value of the goods supplied. On that basis, such charges were not includible in assessable value, and the Revenue's appeals failed.

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Issues: Whether freight and insurance charges were required to be included in the assessable value of the goods for central excise duty purposes.

Analysis: The issue was already settled by the Supreme Court, which held that transportation and insurance charges cannot be treated as part of the value of the goods supplied. Applying that principle, the charges claimed towards freight and insurance were not includible in the assessable value.

Conclusion: Freight and insurance charges were not required to be added to the assessable value, and the Revenue's appeals failed.

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