https://www.taxtmi.com/caselaws?id=752141 In ex-factory sales, freight and transit insurance incurred after clearance from the factory are not includible in assessable value unless the sale terms show that such post-clearance expenses form part of the price up to the place of removal. Separate recovery of freight and insurance in the invoice, by itself, does not justify inclusion where the buyer's premises is not treated as the place of removal. The valuation principle applied was that transportation and transit insurance after removal do not form part of assessable value on ex-factory supply. Accordingly, freight and insurance charges were excluded and the demand based on their inclusion was unsustainable. en-us Thu, 02 May 2024 00:00:00 +0530 Fri, 03 May 2024 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752141 In ex-factory sales, freight and transit insurance incurred after clearance from the factory are not includible in assessable value unless the sale terms show that such post-clearance expenses form part of the price up to the place of removal. Separate recovery of freight and insurance in the invoice, by itself, does not justify inclusion where the buyer's premises is not treated as the place of removal. The valuation principle applied was that transportation and transit insurance after removal do not form part of assessable value on ex-factory supply. Accordingly, freight and insurance charges were excluded and the demand based on their inclusion was unsustainable. Case-Laws Central Excise Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752141