https://www.taxtmi.com/caselaws?id=3957 Transport and transit insurance arranged by an assessee do not, by themselves, fix the point of sale or transfer of ownership where goods are sold against purchase orders from the factory gate and invoices reflect the factory-gate price. Possession and ownership are treated as distinct concepts, and the mere fact that the seller arranges transport and insures the goods during transit does not establish that the sale occurred only at the customer's destination. On that basis, the article states that enhancement of assessable value, duty demand, and penalties were unsustainable. 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 Transport and transit insurance arranged by an assessee do not, by themselves, fix the point of sale or transfer of ownership where goods are sold against purchase orders from the factory gate and invoices reflect the factory-gate price. Possession and ownership are treated as distinct concepts, and the mere fact that the seller arranges transport and insures the goods during transit does not establish that the sale occurred only at the customer's destination. On that basis, the article states that enhancement of assessable value, duty demand, and penalties were unsustainable. Case-Laws Central Excise Thu, 03 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3957