https://www.taxtmi.com/caselaws?id=125926 The Tribunal set aside the demand of duty and penalty against the appellant, amounting to Rs. 26,676, for excess insurance charges, as they were not related to the value of cleared products. The Tribunal held that excess insurance charges should not be included in the assessable value of goods, distinguishing between insurance charges and assessable value. Relying on legal principles and precedents, the Tribunal ruled in favor of the appellant, emphasizing the importance of proper assessment in such cases. en-us Tue, 19 May 2009 00:00:00 +0530 Mon, 11 Jun 2018 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125926 The Tribunal set aside the demand of duty and penalty against the appellant, amounting to Rs. 26,676, for excess insurance charges, as they were not related to the value of cleared products. The Tribunal held that excess insurance charges should not be included in the assessable value of goods, distinguishing between insurance charges and assessable value. Relying on legal principles and precedents, the Tribunal ruled in favor of the appellant, emphasizing the importance of proper assessment in such cases. Case-Laws Central Excise Tue, 19 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125926