https://www.taxtmi.com/caselaws?id=383087 Freight and insurance charges in a FOR destination contract were excluded from transaction value where the sale was completed at the manufacturer's factory before clearance. Under Section 4 of the Central Excise Act, transaction value covers amounts payable in connection with the sale, and the place of removal and passing of property determine whether post-sale expenses form part of assessable value. Applying Section 19 of the Sale of Goods Act, the sale was treated as concluded at the factory on contractual approvals and verifications, so freight did not alter valuation. The charges were therefore not includible in the transaction value. en-us Mon, 08 Jul 2019 00:00:00 +0530 Wed, 17 Jul 2019 09:43:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383087 Freight and insurance charges in a FOR destination contract were excluded from transaction value where the sale was completed at the manufacturer's factory before clearance. Under Section 4 of the Central Excise Act, transaction value covers amounts payable in connection with the sale, and the place of removal and passing of property determine whether post-sale expenses form part of assessable value. Applying Section 19 of the Sale of Goods Act, the sale was treated as concluded at the factory on contractual approvals and verifications, so freight did not alter valuation. The charges were therefore not includible in the transaction value. Case-Laws Central Excise Mon, 08 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383087