https://www.taxtmi.com/caselaws?id=336740 Under Section 4 of the Central Excise Act, 1944, freight and transit insurance are includible in assessable value only up to the statutory place of removal. The buyer's premises cannot be treated as the place of removal merely because delivery extends there or the contract places transit risk on the seller. The valuation issue also depends on the post-1-7-2000 amendment and the distinction between excise law concepts of removal and property transfer under the Sale of Goods Act. Applying that scheme, freight and transit insurance beyond the factory gate were not includible in the disputed demand. en-us Tue, 14 Jun 2016 00:00:00 +0530 Wed, 28 Dec 2016 07:39:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336740 Under Section 4 of the Central Excise Act, 1944, freight and transit insurance are includible in assessable value only up to the statutory place of removal. The buyer's premises cannot be treated as the place of removal merely because delivery extends there or the contract places transit risk on the seller. The valuation issue also depends on the post-1-7-2000 amendment and the distinction between excise law concepts of removal and property transfer under the Sale of Goods Act. Applying that scheme, freight and transit insurance beyond the factory gate were not includible in the disputed demand. Case-Laws Central Excise Tue, 14 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336740