https://www.taxtmi.com/caselaws?id=91147 Insurance charges collected from buyers to cover transit loss or damage were treated as part of transit cost, not as part of the assessable value under Section 4 of the Central Excise Act, 1944. The analysis followed prior Tribunal precedent that amounts recovered towards insurance do not become assessable value merely because they are collected from buyers, so long as they are not retained as part of the price of the goods. On that basis, the insurance charges were held not includible in assessable value. en-us Thu, 12 Mar 1998 00:00:00 +0530 Fri, 14 Oct 2011 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=91147 Insurance charges collected from buyers to cover transit loss or damage were treated as part of transit cost, not as part of the assessable value under Section 4 of the Central Excise Act, 1944. The analysis followed prior Tribunal precedent that amounts recovered towards insurance do not become assessable value merely because they are collected from buyers, so long as they are not retained as part of the price of the goods. On that basis, the insurance charges were held not includible in assessable value. Case-Laws Central Excise Thu, 12 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=91147