Excess collection over insurance premium not taxable under Central Excise Act. Appeal allowed, refund granted.

The appeal was allowed. The excess amount collected over the insurance premium was held not to be taxable under the Central Excise Act. The excess collection, considered as profit, was deemed not liable to duty, and the State was directed to refund the excess collection to the appellant.

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The appeal questioned if the excess amount collected over the insurance premium is taxable. The excess is not included in the assessable value under the Central Excise Act. The excess collection is considered profit and is not liable to duty. The State must refund the excess collection to the appellant. The appeal was allowed.

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