https://www.taxtmi.com/circulars?id=367 The assessee included a transit insurance charge in the price of goods and sought deduction as part of freight; the department found the charge was reimbursement for breakages and disallowed it; the Tribunal allowed the deduction but the Supreme Court held that payments to make good transit breakages are not insurance nor part of transportation cost and are compensatory credit note adjustments to customers. en-us Thu, 30 Nov 2000 00:00:00 +0530 Tue, 23 Sep 2008 13:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=367 The assessee included a transit insurance charge in the price of goods and sought deduction as part of freight; the department found the charge was reimbursement for breakages and disallowed it; the Tribunal allowed the deduction but the Supreme Court held that payments to make good transit breakages are not insurance nor part of transportation cost and are compensatory credit note adjustments to customers. Circulars Central Excise Thu, 30 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/circulars?id=367