https://www.taxtmi.com/caselaws?id=237060 Under Section 4 of the Central Excise Act, 1944, sale price is the transaction value only if it is the sole consideration for the sale between unrelated parties at the time and place of removal. On the stated facts, transit insurance charges recovered from the buyer were more than 300% of the actual premium paid, indicating that the invoice price was not the only consideration and that part of the sale consideration had been disguised as insurance charges. The excess over the actual premium was therefore treated as part of the assessable value, and the demand and penalty were upheld. en-us Mon, 28 May 2012 00:00:00 +0530 Tue, 17 Sep 2013 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237060 Under Section 4 of the Central Excise Act, 1944, sale price is the transaction value only if it is the sole consideration for the sale between unrelated parties at the time and place of removal. On the stated facts, transit insurance charges recovered from the buyer were more than 300% of the actual premium paid, indicating that the invoice price was not the only consideration and that part of the sale consideration had been disguised as insurance charges. The excess over the actual premium was therefore treated as part of the assessable value, and the demand and penalty were upheld. Case-Laws Central Excise Mon, 28 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237060