https://www.taxtmi.com/caselaws?id=205354 Insurance compensation received for flood-damaged goods was not treated as additional consideration for excise valuation because it related to loss suffered by the goods and was not shown to form part of the sale price of the goods cleared. The department failed to establish any nexus between the insurer's payment and the assessable value of the goods, so the receipt could not be added to the normal price on these facts. The issue was decided in favour of the assessee and against the Revenue, with the insurance amount held not includible in the assessable value. en-us Tue, 08 Mar 2011 00:00:00 +0530 Tue, 23 Aug 2011 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205354 Insurance compensation received for flood-damaged goods was not treated as additional consideration for excise valuation because it related to loss suffered by the goods and was not shown to form part of the sale price of the goods cleared. The department failed to establish any nexus between the insurer's payment and the assessable value of the goods, so the receipt could not be added to the normal price on these facts. The issue was decided in favour of the assessee and against the Revenue, with the insurance amount held not includible in the assessable value. Case-Laws Central Excise Tue, 08 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205354