https://www.taxtmi.com/forum/issue?id=111384 For excise duty, freight is excluded from assessable value when place of removal is factory gate but must be included where the seller delivers to the buyer's premises; insurance reimbursements are treated as reimbursement with any excess recorded as profit. Sales tax is levied on the sale price and applies to freight when it is agreed as part of the sale consideration. Auditors should verify potential service tax or other indirect tax implications of amounts charged for freight and insurance. en-us Thu, 19 Jan 2017 13:17:41 +0530 Thu, 23 Jan 2025 15:56:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111384 For excise duty, freight is excluded from assessable value when place of removal is factory gate but must be included where the seller delivers to the buyer's premises; insurance reimbursements are treated as reimbursement with any excess recorded as profit. Sales tax is levied on the sale price and applies to freight when it is agreed as part of the sale consideration. Auditors should verify potential service tax or other indirect tax implications of amounts charged for freight and insurance. Discussion-Forum Central Excise Thu, 19 Jan 2017 13:17:41 +0530 https://www.taxtmi.com/forum/issue?id=111384