https://www.taxtmi.com/caselaws?id=790153 Freight and insurance charges separately recovered from customers were excluded from the assessable value for central excise duty under transaction value principles, because there was no evidence that delivery at the buyer's premises was contractually required. The duty demand, interest and penalty founded on that inclusion were set aside. On the admitted CENVAT credit reversal, the reversal with interest was upheld, but penalty was not sustained because no suppression of facts with intent to evade duty was established. en-us Thu, 19 Mar 2026 00:00:00 +0530 Tue, 21 Apr 2026 08:48:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790153 Freight and insurance charges separately recovered from customers were excluded from the assessable value for central excise duty under transaction value principles, because there was no evidence that delivery at the buyer's premises was contractually required. The duty demand, interest and penalty founded on that inclusion were set aside. On the admitted CENVAT credit reversal, the reversal with interest was upheld, but penalty was not sustained because no suppression of facts with intent to evade duty was established. Case-Laws Central Excise Thu, 19 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790153