https://www.taxtmi.com/caselaws?id=758829 CESTAT Ahmedabad held that freight and insurance charges are not includible in assessable value for excise duty when goods are sold on ex-factory basis. The Tribunal followed its earlier decision in appellant's own case for similar transactions, ruling that such charges cannot be included in valuation. Consequently, the demand for additional excise duty was deemed unsustainable. The impugned order was set aside and appeal was allowed, establishing that ex-factory sales exclude freight and insurance from assessable value calculations. en-us Fri, 13 Sep 2024 00:00:00 +0530 Thu, 19 Sep 2024 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758829 CESTAT Ahmedabad held that freight and insurance charges are not includible in assessable value for excise duty when goods are sold on ex-factory basis. The Tribunal followed its earlier decision in appellant's own case for similar transactions, ruling that such charges cannot be included in valuation. Consequently, the demand for additional excise duty was deemed unsustainable. The impugned order was set aside and appeal was allowed, establishing that ex-factory sales exclude freight and insurance from assessable value calculations. Case-Laws Central Excise Fri, 13 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758829