https://www.taxtmi.com/caselaws?id=365260 The Tribunal allowed the appeal, overturning the decision to include freight and insurance in the assessable value for goods delivered at the buyer's premises. The judgment relied on the Supreme Court's precedent, which established that the place of removal is where the manufacturer sells the goods, not necessarily the buyer's premises. The concept of "transaction value" was emphasized, excluding freight and transportation expenses from calculating excise duty payable. The ruling clarified excise valuation principles and highlighted the significance of transaction value in determining excise duty obligations. en-us Thu, 02 Aug 2018 00:00:00 +0530 Tue, 14 Aug 2018 07:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365260 The Tribunal allowed the appeal, overturning the decision to include freight and insurance in the assessable value for goods delivered at the buyer's premises. The judgment relied on the Supreme Court's precedent, which established that the place of removal is where the manufacturer sells the goods, not necessarily the buyer's premises. The concept of "transaction value" was emphasized, excluding freight and transportation expenses from calculating excise duty payable. The ruling clarified excise valuation principles and highlighted the significance of transaction value in determining excise duty obligations. Case-Laws Central Excise Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365260