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of <h1>Supreme Court Ruling: Freight and Insurance Charges Count in Assessable Value Only Until 'Place of Removal.</h1> The circular addresses the inclusion of freight and insurance charges in the assessable value of excisable goods, following the Supreme Court's decisions in related cases. The Court ruled that such charges should be included in the assessable value only up to the 'place of removal,' which could be the factory gate, warehouse, or depot, depending on the sale terms. The Central Board of Excise and Customs has decided not to challenge these judgments and advises that pending cases be resolved accordingly. The circular emphasizes that insurance during transit should not solely determine ownership or the point of sale. Past instructions are modified to align with these rulings.
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