https://www.taxtmi.com/caselaws?id=167469 Freight incurred for movement of goods from the factory gate to the nearest delivery point is deductible in determining assessable value under the invoice price procedure. Notification No. 120/75-C.E. was treated as a statutory mode of valuation, but it could not displace the principle under section 4(a) that freight, whether actual or equalised, is an admissible deduction in arriving at assessable value. The same treatment was extended to transit insurance charges where valuation was based on invoice price. On that basis, deduction of freight to the nearest delivery point was held allowable and the assessee's claim succeeded on that issue. en-us Thu, 27 Jun 1985 00:00:00 +0530 Sat, 20 Dec 2014 17:40:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167469 Freight incurred for movement of goods from the factory gate to the nearest delivery point is deductible in determining assessable value under the invoice price procedure. Notification No. 120/75-C.E. was treated as a statutory mode of valuation, but it could not displace the principle under section 4(a) that freight, whether actual or equalised, is an admissible deduction in arriving at assessable value. The same treatment was extended to transit insurance charges where valuation was based on invoice price. On that basis, deduction of freight to the nearest delivery point was held allowable and the assessee's claim succeeded on that issue. Case-Laws Central Excise Thu, 27 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167469