2015 (9) TMI 352 - SCH - Central Excise

Valuation - inclusion of cost of transportation and insurance policy - Held that - the insurance policy for the transportation of the goods was taken by the assessee on behalf of the purchaser - the cost of transportation and insurance could not have been included for arriving at the price of the goods for the purpose of excise duty.

Summary

The Supreme Court dismissed the appeal, stating that the cost of transportation and insurance should not have been included in the price of goods for excise duty purposes as the insurance policy was taken by the assessee on behalf of the purchaser.