2018 (5) TMI 300

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.... Shri S.J. Sahu, Asstt.Commr. (A.R) for respondent Per: -Ramesh Nair The issue involved in the present case is whether the differential insurance charges charged from the customers on the basis of equalized insurance premium is includible in the assessable value. 2. Shri Prasad Paranajpe, Ld. Counsel appearing on behalf of the appellant submits that the issue is covered by the various jud....

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....he Hon'ble Supreme Court judgment is applicable for the period after 2000 when new Section 4 and valuation Rules came into effect, he submits that the issue has been considered in the case of Mercedes Benz India Pvt. Ltd. Vs. Commr. of C. Ex., Pune-I (supra) and now it is settled that for the period post 1.7.2000 also the differential insurance over and above actual chares to the customer cannot b....