2017 (2) TMI 247

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....oner(A.R.) for the Respondent Per: Ramesh Nair The issue involved is that whether the excess insurance amount towards transit insurance of the excisable goods collected by the appellant from their buyer is includible in the assessable value of the final product or otherwise. 2. Shri. S.R. Sawant, Ld. Counsel for the appellant submits that firstly the amount collected is not towards sale o....

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....C. Ex. Mumbai Vs. Larsen & Toubro Ltd[2009(244) ELT 306(Tri. Mumbai)] (d) Yamuna Motors India Pvt Ltd Vs. Commissioner of C. Ex. Noida[2014(301) ELT 524(Tri. Del)] (e) Andhra Sugars Limited Vs. Commissioner of C. Ex. Guntur[2007(212) ELT 48(Tri. Bang)] (f) Commissioner of Central Excise, Pondey Vs. Wipra Acer Ltd[2015(323) ELT 158(Tri. Chennai)] 3. Shri. V.K. Shastri, Ld. Asstt. Commis....

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....erefore the same is not includible in the assessable value. Following the said Hon'ble Apex Court judgments this Tribunal in case of U. P. Twiga Fiberglass Ltd. Versus Commissioner of C. Ex. & S. T., Noida[2015 (316) E.L.T. 304 (Tri. - Del.)] held that amount collected over and above as insurance premium paid to the insurance company the excess amount not includible in the assessable value under S....