https://www.taxtmi.com/caselaws?id=87634 Section 4 of the Central Excises and Salt Act, 1944 governed valuation, so freight and transit insurance could not be added to the assessable value merely because the assessee opted for partial relief under Notification No. 120/75. The notification was treated as an exemption measure and not as authority to expand assessable value beyond the statutory valuation base. Freight and insurance therefore remained outside the assessable value, and the demand founded on their inclusion was unsustainable. en-us Mon, 17 Nov 1997 00:00:00 +0530 Thu, 08 Sep 2011 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=87634 Section 4 of the Central Excises and Salt Act, 1944 governed valuation, so freight and transit insurance could not be added to the assessable value merely because the assessee opted for partial relief under Notification No. 120/75. The notification was treated as an exemption measure and not as authority to expand assessable value beyond the statutory valuation base. Freight and insurance therefore remained outside the assessable value, and the demand founded on their inclusion was unsustainable. Case-Laws Central Excise Mon, 17 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=87634