https://www.taxtmi.com/caselaws?id=340353 The Tribunal upheld the decision that freight and insurance were excludable from the assessable value when insurance was taken by the appellant. The dispute centered on whether transit insurance of goods from the factory gate to the buyer's premises should be deducted. The Tribunal ruled in favor of the appellant, emphasizing that the place of removal was the factory gate, making transportation and insurance excludable from the assessable value. This decision was supported by legal principles and a Supreme Court judgment in a similar case, ultimately dismissing the revenue's appeal. en-us Mon, 27 Feb 2017 00:00:00 +0530 Wed, 22 Mar 2017 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340353 The Tribunal upheld the decision that freight and insurance were excludable from the assessable value when insurance was taken by the appellant. The dispute centered on whether transit insurance of goods from the factory gate to the buyer's premises should be deducted. The Tribunal ruled in favor of the appellant, emphasizing that the place of removal was the factory gate, making transportation and insurance excludable from the assessable value. This decision was supported by legal principles and a Supreme Court judgment in a similar case, ultimately dismissing the revenue's appeal. Case-Laws Central Excise Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340353