https://www.taxtmi.com/caselaws?id=751677 Freight retained after factory-gate removal was not includible in assessable value where VAT was paid on the factory-gate price and delivery at buyers' premises did not shift the place of removal. Separate recovery and partial retention of freight did not alter the valuation basis. The valuation demand was therefore set aside on merits. The extended limitation period was also unavailable because the dispute involved bona fide legal interpretation of freight valuation, without established suppression. Freight incurred up to the place of removal is excluded from assessable value, and an interpretative valuation dispute alone does not justify extended-period demand. en-us Mon, 15 Apr 2024 00:00:00 +0530 Tue, 23 Apr 2024 09:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751677 Freight retained after factory-gate removal was not includible in assessable value where VAT was paid on the factory-gate price and delivery at buyers' premises did not shift the place of removal. Separate recovery and partial retention of freight did not alter the valuation basis. The valuation demand was therefore set aside on merits. The extended limitation period was also unavailable because the dispute involved bona fide legal interpretation of freight valuation, without established suppression. Freight incurred up to the place of removal is excluded from assessable value, and an interpretative valuation dispute alone does not justify extended-period demand. Case-Laws Central Excise Mon, 15 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751677