https://www.taxtmi.com/caselaws?id=40771 The court clarified the assessable value calculation under Notification No. 120/75, ruling in favor of the petitioners. It held that post-manufacturing charges like freight and insurance should be excluded from the assessable value, even if shown separately in the invoice. The judgment emphasized adherence to statutory provisions and relevant notifications in determining the assessable value of goods under the Central Excise Tariff, aligning with the petitioners' interpretation and allowing the revision application. en-us Mon, 31 Dec 1979 00:00:00 +0530 Fri, 14 May 2010 15:16:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40771 The court clarified the assessable value calculation under Notification No. 120/75, ruling in favor of the petitioners. It held that post-manufacturing charges like freight and insurance should be excluded from the assessable value, even if shown separately in the invoice. The judgment emphasized adherence to statutory provisions and relevant notifications in determining the assessable value of goods under the Central Excise Tariff, aligning with the petitioners' interpretation and allowing the revision application. Case-Laws Central Excise Mon, 31 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40771