https://www.taxtmi.com/caselaws?id=245469 Freight charged separately in addition to the price and attributable to transportation from the place of removal to the place of delivery is excludible from assessable value under Rule 5, even where it is computed on an equalized basis. The valuation scheme focuses on actual transportation cost as a deductible element, and averaging the freight across sales does not change its character when it is separately shown in the invoices. On that basis, freight and transit insurance so charged were deductible, and the demand, interest and penalty founded on disallowance of the exclusion were unsustainable. en-us Tue, 10 Apr 2012 00:00:00 +0530 Mon, 31 Mar 2014 06:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245469 Freight charged separately in addition to the price and attributable to transportation from the place of removal to the place of delivery is excludible from assessable value under Rule 5, even where it is computed on an equalized basis. The valuation scheme focuses on actual transportation cost as a deductible element, and averaging the freight across sales does not change its character when it is separately shown in the invoices. On that basis, freight and transit insurance so charged were deductible, and the demand, interest and penalty founded on disallowance of the exclusion were unsustainable. Case-Laws Central Excise Tue, 10 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245469