https://www.taxtmi.com/caselaws?id=73480 Freight and transit insurance could be excluded from assessable value even if not separately shown in the sale invoice, because the Act did not require prior invoice disclosure for such deductions. The Tribunal reasoned that actual freight may only be ascertainable later from freight bills, and denying exclusion on that ground would undermine the valuation scheme; correlation with invoices and gate passes was treated as verifiable. Refund relief was therefore available to that extent, subject to statutory limitation under the excise refund provision and verification of supporting records. en-us Thu, 10 Dec 1987 00:00:00 +0530 Wed, 01 Jun 2011 12:49:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=73480 Freight and transit insurance could be excluded from assessable value even if not separately shown in the sale invoice, because the Act did not require prior invoice disclosure for such deductions. The Tribunal reasoned that actual freight may only be ascertainable later from freight bills, and denying exclusion on that ground would undermine the valuation scheme; correlation with invoices and gate passes was treated as verifiable. Refund relief was therefore available to that extent, subject to statutory limitation under the excise refund provision and verification of supporting records. Case-Laws Central Excise Thu, 10 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=73480