https://www.taxtmi.com/caselaws?id=104482 Where goods remained insured in the manufacturer's name until delivery at the buyer's premises, that premises was treated as the place of removal for valuation, and freight and insurance charges were includible in the assessable value. Non-disclosure of the destination sale arrangement and transit insurance supported invocation of the extended limitation period under the Central Excise Act. Section 11AC was treated as mandatory in principle, so reduction of the penalty was not justified. The discussion therefore confirms that destination-based sale arrangements can affect assessable value, limitation, and penalty exposure in central excise valuation disputes. en-us Wed, 11 Apr 2001 00:00:00 +0530 Wed, 29 Feb 2012 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104482 Where goods remained insured in the manufacturer's name until delivery at the buyer's premises, that premises was treated as the place of removal for valuation, and freight and insurance charges were includible in the assessable value. Non-disclosure of the destination sale arrangement and transit insurance supported invocation of the extended limitation period under the Central Excise Act. Section 11AC was treated as mandatory in principle, so reduction of the penalty was not justified. The discussion therefore confirms that destination-based sale arrangements can affect assessable value, limitation, and penalty exposure in central excise valuation disputes. Case-Laws Central Excise Wed, 11 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104482