CA No. 5832 of 1999 – in the matter of CCE, Meerut v. M/s. Surya Roshini Ltd. – inclusion or otherwise of transit risk insurance for the purpose of determination of assessable value of bulbs and tubes – question regarding

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..... matter of CCE, Meerut vs. M/s. Surya Roshni Ltd. - inclusion or otherwise of transit risk insurance for the purpose of determination of assessable value of bulbs and tubes - question regarding. Sir/Madam, M/s. Surya Roshni Ltd. situated in jurisdiction of CCE, Meerut-II is engaged in the manufacture of electric bulbs and tubes. The bulbs and tubes are sold FOR Destination. The price charged inc .....

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..... 2000 in the above mentioned matter reported in 2000 (122) ELT 3 (SC) held that the payment made by the assessee to its customers for breakages and losses cannot tantamount to insurance. Nor can, by any means, such compensation be treated as part of the cost of transportation; it is a clear case of making up to the customer by means of a credit note, the moneys that it has lost on account of breaka .....

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