2004 (3) TMI 572 - AT - Central Excise

Summary

The Appellate Tribunal CESTAT, New Delhi ruled that freight and insurance should not be included in the assessable value of telecom equipment. The decision was based on the sale invoices showing goods were sold before transport, following the precedent set by the Apex Court in the case of M/s. Escorts JCB Ltd. v. C.C.E., Delhi-II - 2002 (146) E.L.T. 31 (S.C.). The appeals by the Revenue were rejected as lacking merit, and the respondents were granted consequential relief.