https://www.taxtmi.com/caselaws?id=46355 An ex-works sale remained valued at the factory gate because delivery was made before despatch, payment was received in advance and risk passed to the buyer when goods were handed to the carrier. Section 4 of the Central Excise Act fixes assessable value by reference to the place of removal, and on these facts the factory premises, not the buyer's premises, was that place. The seller's arrangement of transit insurance at the buyer's request did not by itself show retention of title, since insurance of another's interest is legally possible. Freight and transit insurance were therefore not includible in assessable value, and the duty demand and penalty could not be sustained. en-us Thu, 24 Oct 2002 00:00:00 +0530 Tue, 30 Sep 2025 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=46355 An ex-works sale remained valued at the factory gate because delivery was made before despatch, payment was received in advance and risk passed to the buyer when goods were handed to the carrier. Section 4 of the Central Excise Act fixes assessable value by reference to the place of removal, and on these facts the factory premises, not the buyer's premises, was that place. The seller's arrangement of transit insurance at the buyer's request did not by itself show retention of title, since insurance of another's interest is legally possible. Freight and transit insurance were therefore not includible in assessable value, and the duty demand and penalty could not be sustained. Case-Laws Central Excise Thu, 24 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=46355