2011 (8) TMI 841

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..... dal, Shri Sahab Singh, JJ. Appearance Shri Navneet, SDR for appellant Per :- Sahab Singh These three appeals are filed by the Revenue against the order-in-appeal No. PD/111 to 113/2003 dated 28.11.2003 passed by the Commissioner of Central Excise (Appeals), Mumbai III. 2. Brief facts of the case are that M/s. Maharashtra Control Panels Pvt. Ltd. (hereinafter referred to as respo .....

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..... y the Jt. Commissioner by confirming the demand of Rs.1,12,982/- along with interest and imposed equivalent amount of penalty under Section 11AC of the Act and a penalty of Rs.30,000/- each on both the Directors under Rule 209A of the Central Excise Rules, 1944. The matter was taken up in appeal before the Commissioner (Appeals), who in turn set aside the order-in-original and allowed the appeal .....

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..... . The short question involved in this case is whether the freight and insurance charges are required to be added in the assessable value of the goods. Since the issue has already been settled by the Hon'ble Supreme Court in the case of Accurate Meters Ltd. (supra), we hold that the charges are not required to be included in the assessable value of the goods. We, accordingly, reject the appeals fil .....

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