https://www.taxtmi.com/caselaws?id=348108 Valuation under central excise law required determining whether the excess of equalized freight over actual transportation cost formed part of assessable value. Applying the principle that excise duty is a levy on manufacture and not on profit earned on transportation, the Tribunal held that the differential freight could not be added merely because freight recovered exceeded the expenditure incurred. The differential freight was therefore not includible in assessable value, and the demand failed. en-us Thu, 03 Aug 2017 00:00:00 +0530 Sat, 16 Sep 2017 08:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348108 Valuation under central excise law required determining whether the excess of equalized freight over actual transportation cost formed part of assessable value. Applying the principle that excise duty is a levy on manufacture and not on profit earned on transportation, the Tribunal held that the differential freight could not be added merely because freight recovered exceeded the expenditure incurred. The differential freight was therefore not includible in assessable value, and the demand failed. Case-Laws Central Excise Thu, 03 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348108