https://www.taxtmi.com/caselaws?id=338547 The Tribunal held that excess insurance amounts collected by the appellant for transit of goods, even if exceeding actual premiums, were not includible in the assessable value of the final product. Relying on precedent cases and the Supreme Court decision in Baroda Electric Meters Ltd. v. Collector of Central Excise, it was determined that such excess amounts solely for insurance were not part of the sale of goods. Therefore, the impugned order was set aside, and the appeal was allowed on 5th January 2017 by the Tribunal. en-us Thu, 05 Jan 2017 00:00:00 +0530 Tue, 07 Feb 2017 10:33:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338547 The Tribunal held that excess insurance amounts collected by the appellant for transit of goods, even if exceeding actual premiums, were not includible in the assessable value of the final product. Relying on precedent cases and the Supreme Court decision in Baroda Electric Meters Ltd. v. Collector of Central Excise, it was determined that such excess amounts solely for insurance were not part of the sale of goods. Therefore, the impugned order was set aside, and the appeal was allowed on 5th January 2017 by the Tribunal. Case-Laws Central Excise Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338547