https://www.taxtmi.com/caselaws?id=355277 The Tribunal ruled in favor of the appellants, holding that the differential freight amount should not be included in the assessable value for excise duty calculation. The Tribunal emphasized that excise duty is on manufacture, not on transportation profit, and rejected the lower authorities' interpretation. It clarified that Rule 5 of Valuation Rules, 2000 does not apply to transportation profit by a manufacturer. Additionally, the Tribunal stated that excise duty does not apply to profit made from transportation. As the appellants were exporting under bond, no duty was payable on the differential freight amount for exports. The Tribunal allowed the appeal and provided relief to the appellant. en-us Fri, 01 Dec 2017 00:00:00 +0530 Tue, 13 Feb 2018 06:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355277 The Tribunal ruled in favor of the appellants, holding that the differential freight amount should not be included in the assessable value for excise duty calculation. The Tribunal emphasized that excise duty is on manufacture, not on transportation profit, and rejected the lower authorities' interpretation. It clarified that Rule 5 of Valuation Rules, 2000 does not apply to transportation profit by a manufacturer. Additionally, the Tribunal stated that excise duty does not apply to profit made from transportation. As the appellants were exporting under bond, no duty was payable on the differential freight amount for exports. The Tribunal allowed the appeal and provided relief to the appellant. Case-Laws Central Excise Fri, 01 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355277