https://www.taxtmi.com/caselaws?id=449575 Excess insurance charges recovered from customers were held not to form part of the assessable value for central excise duty, because excise is leviable on manufacture of goods and not on profits realised from an excess recovery. The amount collected over and above the insurance premium actually paid was treated as a profit element rather than consideration for manufacture, and therefore was not includible in assessable value or subject to central excise duty. en-us Wed, 14 Feb 2024 00:00:00 +0530 Thu, 15 Feb 2024 05:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449575 Excess insurance charges recovered from customers were held not to form part of the assessable value for central excise duty, because excise is leviable on manufacture of goods and not on profits realised from an excess recovery. The amount collected over and above the insurance premium actually paid was treated as a profit element rather than consideration for manufacture, and therefore was not includible in assessable value or subject to central excise duty. Case-Laws Central Excise Wed, 14 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449575