Valuation - third party inspection charges cannot be included in transaction value - Supreme Court held...

Valuation - third party inspection charges cannot be included in transaction value - Supreme Court held cost of transportation from place of removal to delivery excluded from price - expression "by reason of sale, or in connection with sale" in definition of transaction value does not negate charging section - demand for duty on third party inspection charges set aside. Demand based solely on statement of Director without corroborative evidence unsustainable - Continental Cement case followed - demand set aside. Penalty on Director unjustified, set aside. Appeals allowed. .....

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