https://www.taxtmi.com/caselaws?id=32539 Where electric meters were sold on an ex-factory basis under separate contracts for transportation and transit insurance, freight and insurance were not part of the assessable value for excise duty. The transaction value under Section 4 of the Central Excise Act applied to the place of removal, and Rule 5 of the valuation rules excluded transport costs charged separately from that point to the buyer's destination. Delivery to the carrier under the contract was treated as delivery to the buyer, and transit insurance did not change the place of removal or the character of the sale. The excise demand based on adding freight and insurance was therefore unsustainable. en-us Tue, 03 Mar 2009 00:00:00 +0530 Mon, 10 Nov 2025 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32539 Where electric meters were sold on an ex-factory basis under separate contracts for transportation and transit insurance, freight and insurance were not part of the assessable value for excise duty. The transaction value under Section 4 of the Central Excise Act applied to the place of removal, and Rule 5 of the valuation rules excluded transport costs charged separately from that point to the buyer's destination. Delivery to the carrier under the contract was treated as delivery to the buyer, and transit insurance did not change the place of removal or the character of the sale. The excise demand based on adding freight and insurance was therefore unsustainable. Case-Laws Central Excise Tue, 03 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32539