SC rules insurance costs not included in excise duty price. Transportation costs not considered.

The SC dismissed the appeal, ruling that transportation and insurance costs should not be included in the price of goods for excise duty purposes when the insurance policy is taken by the assessee on behalf of the purchaser.

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The Supreme Court dismissed the appeal, stating that the cost of transportation and insurance should not have been included in the price of goods for excise duty purposes as the insurance policy was taken by the assessee on behalf of the purchaser.

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