https://www.taxtmi.com/caselaws?id=758922 Freight charges separately recovered in the invoice are excluded from the assessable value of excisable goods where the transportation cost is charged independently of the price of the goods and is beyond the place of removal. The valuation under Section 4 turns on transaction value, and freight is not includible merely because the sale is on FOR terms if the goods price and freight are shown separately. Applying settled valuation rules and precedent, contrary decisions were treated as factually distinguishable, and the duty demand, penalty and interest based on inclusion of such freight could not be sustained. en-us Wed, 18 Sep 2024 00:00:00 +0530 Fri, 20 Sep 2024 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758922 Freight charges separately recovered in the invoice are excluded from the assessable value of excisable goods where the transportation cost is charged independently of the price of the goods and is beyond the place of removal. The valuation under Section 4 turns on transaction value, and freight is not includible merely because the sale is on FOR terms if the goods price and freight are shown separately. Applying settled valuation rules and precedent, contrary decisions were treated as factually distinguishable, and the duty demand, penalty and interest based on inclusion of such freight could not be sustained. Case-Laws Central Excise Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758922