https://www.taxtmi.com/caselaws?id=75162 Under F.O.R. supply contracts, freight and insurance incurred for delivery to the customer's premises are excluded from assessable value because that location is not the place of removal. The valuation applicable at the relevant time therefore required duty to be recomputed on the correct assessable value without those delivery-related charges. Refund and credit consequences had to follow the revised duty computation, limited to duty properly payable after excluding freight and insurance. The analysis relies on settled valuation principles and Supreme Court precedent treating such transport and insurance charges as non-includible where they relate to delivery beyond the place of removal. en-us Wed, 01 Apr 2009 00:00:00 +0530 Sat, 27 Mar 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75162 Under F.O.R. supply contracts, freight and insurance incurred for delivery to the customer's premises are excluded from assessable value because that location is not the place of removal. The valuation applicable at the relevant time therefore required duty to be recomputed on the correct assessable value without those delivery-related charges. Refund and credit consequences had to follow the revised duty computation, limited to duty properly payable after excluding freight and insurance. The analysis relies on settled valuation principles and Supreme Court precedent treating such transport and insurance charges as non-includible where they relate to delivery beyond the place of removal. Case-Laws Central Excise Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75162