https://www.taxtmi.com/caselaws?id=122513 The Tribunal held that transit insurance charges for goods cleared from the factory to depots should not be included in the assessable value. Ownership of goods was deemed irrelevant, and duty payment based on factory gate price was sufficient. The decision rejected the Commissioner (Appeals)'s stance linking ownership to inclusion of charges. Legal precedents and a Circular supported the ruling, emphasizing that post-clearance charges should not impact the assessable value for excise duty purposes. The appeal was allowed, providing clarity on the treatment of transit insurance charges in excise duty assessments. en-us Thu, 04 Jan 2007 00:00:00 +0530 Tue, 14 Aug 2012 12:31:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122513 The Tribunal held that transit insurance charges for goods cleared from the factory to depots should not be included in the assessable value. Ownership of goods was deemed irrelevant, and duty payment based on factory gate price was sufficient. The decision rejected the Commissioner (Appeals)'s stance linking ownership to inclusion of charges. Legal precedents and a Circular supported the ruling, emphasizing that post-clearance charges should not impact the assessable value for excise duty purposes. The appeal was allowed, providing clarity on the treatment of transit insurance charges in excise duty assessments. Case-Laws Central Excise Thu, 04 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122513