https://www.taxtmi.com/caselaws?id=123418 The Tribunal ruled against the applicant, holding that the excess transit insurance charges collected should be included in the assessable value for duty calculation. The applicant's argument that customer consent and informing them of the insurance arrangement should suffice was rejected. The Tribunal emphasized the significance of the actual premium paid to the insurance company and found the excess charges were not solely attributable to insurance. The applicant was directed to deposit the entire duty amount within eight weeks, with a waiver on the pre-deposit of the penalty granted due to the lack of demonstrated financial hardship. Compliance reporting was scheduled for a specified date. en-us Thu, 27 Mar 2008 00:00:00 +0530 Thu, 13 Sep 2012 17:46:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123418 The Tribunal ruled against the applicant, holding that the excess transit insurance charges collected should be included in the assessable value for duty calculation. The applicant's argument that customer consent and informing them of the insurance arrangement should suffice was rejected. The Tribunal emphasized the significance of the actual premium paid to the insurance company and found the excess charges were not solely attributable to insurance. The applicant was directed to deposit the entire duty amount within eight weeks, with a waiver on the pre-deposit of the penalty granted due to the lack of demonstrated financial hardship. Compliance reporting was scheduled for a specified date. Case-Laws Central Excise Thu, 27 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123418