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of <h1>Supreme Court Allows Averaged Freight Deduction for Multi-Factory Companies Under Central Excise Act, Effective September 1996.</h1> The circular addresses the determination of assessable value concerning freight equalization for multi-product, multi-factory companies under the Central Excise Act, 1944. It references a Supreme Court decision allowing deduction of averaged freight from the wholesale cash price to determine the real price at the factory gate. The Central Excise and Gold Appellate Tribunal (CEGAT) ruling in a similar case permits pro-rata deductions of freight on an average basis when specific product-wise and factory-wise freight charges cannot be calculated. The circular clarifies that this method should be used for calculating equalized freight, with specific changes effective from September 28, 1996.
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