https://www.taxtmi.com/caselaws?id=3957 Factory-gate sales against customer purchase orders remain the relevant point for assessable value where invoices reflect the factory-gate price. Transport and transit insurance arranged by the assessee to facilitate delivery and protect goods in transit do not, by themselves, establish that ownership was retained or that sales occurred at depots or customers' premises. Possession and ownership are distinct, and transit insurance is not determinative of either ownership or the point of sale. Accordingly, enhancement of assessable value, the resulting duty demand, and penalties were unsustainable; the appeal succeeded. en-us Thu, 03 Jan 2008 00:00:00 +0530 Tue, 13 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3957 Factory-gate sales against customer purchase orders remain the relevant point for assessable value where invoices reflect the factory-gate price. Transport and transit insurance arranged by the assessee to facilitate delivery and protect goods in transit do not, by themselves, establish that ownership was retained or that sales occurred at depots or customers' premises. Possession and ownership are distinct, and transit insurance is not determinative of either ownership or the point of sale. Accordingly, enhancement of assessable value, the resulting duty demand, and penalties were unsustainable; the appeal succeeded. Case-Laws Central Excise Thu, 03 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3957