2017 (2) TMI 247

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..... rs Ltd. Versus Collector of Central Excise [1997 (7) TMI 126 - SUPREME COURT OF INDIA] held that even if amount on account of freight collected over and above the actual freight that amount is on account of freight only and therefore the same is not includible in the assessable value - excess amount collected by the appellant on account of insurance premium is not includible in the assessable valu .....

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..... essable value. Secondly the amount which was collected even though it is in excess the same stands adjusted in the amount of insurance premium in respect of subsequent clearances therefore appellant has not been benefited with excess amount collected as insurance amount from their customers. He submits that insurance per se is not includible in the assessable value. In support of his submission, h .....

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..... e submissions made by both sides. 5. We find that the excess amount collected by the appellant is towards insurance premium. However in certain cases they have collected excess amount as compared to the actual insurance premium from their customer. Since the amount collected irrespective any excess amount is on account of insurance amount, the same is not part and parcel of the sale of the good .....

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