https://www.taxtmi.com/caselaws?id=51822 For central excise valuation, freight and transit insurance incurred after clearance from the factory were not includible in assessable value where the statutory place of removal remained the factory or another place fixed by the Act. The Tribunal held that the buyer's premises cannot be treated as the place of removal merely because the manufacturer arranged transport and insurance, since such arrangements do not by themselves show that ownership continued with the manufacturer until delivery. It also rejected reliance on a contractual deemed date of delivery, as contractual terms cannot alter the statutory definition of place of removal. Accordingly, post-clearance freight and insurance were excluded from valuation. en-us Fri, 17 Jan 2003 00:00:00 +0530 Tue, 28 Sep 2010 16:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51822 For central excise valuation, freight and transit insurance incurred after clearance from the factory were not includible in assessable value where the statutory place of removal remained the factory or another place fixed by the Act. The Tribunal held that the buyer's premises cannot be treated as the place of removal merely because the manufacturer arranged transport and insurance, since such arrangements do not by themselves show that ownership continued with the manufacturer until delivery. It also rejected reliance on a contractual deemed date of delivery, as contractual terms cannot alter the statutory definition of place of removal. Accordingly, post-clearance freight and insurance were excluded from valuation. Case-Laws Central Excise Fri, 17 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51822