https://www.taxtmi.com/caselaws?id=751144 CESTAT Ahmedabad allowed the appeal regarding valuation for excise duty purposes. The tribunal held that freight and insurance charges should be excluded from assessable value when separately charged and invoiced. The buyers had issued purchase orders specifying goods price and transportation costs separately, and appellant raised separate invoices accordingly. Purchase contracts clearly indicated basic price and freight/insurance components separately, fulfilling the criterion for deduction. The tribunal relied on precedent from CESTAT Mumbai in a similar case. The department's contention to include freight/insurance in assessable value was found legally unsustainable, and the impugned order was set aside. en-us Fri, 05 Apr 2024 00:00:00 +0530 Tue, 09 Apr 2024 08:17:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751144 CESTAT Ahmedabad allowed the appeal regarding valuation for excise duty purposes. The tribunal held that freight and insurance charges should be excluded from assessable value when separately charged and invoiced. The buyers had issued purchase orders specifying goods price and transportation costs separately, and appellant raised separate invoices accordingly. Purchase contracts clearly indicated basic price and freight/insurance components separately, fulfilling the criterion for deduction. The tribunal relied on precedent from CESTAT Mumbai in a similar case. The department's contention to include freight/insurance in assessable value was found legally unsustainable, and the impugned order was set aside. Case-Laws Central Excise Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751144