Freight charges excluded from assessable value of explosives by CESTAT NEW DELHI The Appellate Tribunal CESTAT NEW DELHI held that freight charges separately collected as 'to and fro' rate do not require inclusion in the assessable ...
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Freight charges excluded from assessable value of explosives by CESTAT NEW DELHI
The Appellate Tribunal CESTAT NEW DELHI held that freight charges separately collected as "to and fro" rate do not require inclusion in the assessable value of explosives, following the precedent set in Majestic Auto Ltd. v. C.C.E. The Revenue's appeal was dismissed as they did not challenge the Tribunal's legal position, and the Board's Circular was not considered binding on the Tribunal.
The Appellate Tribunal CESTAT NEW DELHI ruled that freight charges collected separately as "to and fro" rate do not need to be added to the assessable value of explosives. The Tribunal decision in the case of Majestic Auto Ltd. v. C.C.E. was followed. The Revenue's appeal was rejected as they did not dispute the Tribunal's declaration of law, and the Board's Circular was not deemed binding on the Tribunal. (2014 (6) TMI 754 - CESTAT NEW DELHI)
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