1980 (12) TMI 54

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..... a case in which the petitioners' goods which are excisable under Item 68 of the First Schedule of the Central Excises and Salt Act, 1944, had to be charged to duty on the assessable value to be determined in terms of Notification No. 120/75, dated 30-4-1975 in view of the option given by the petitioners opted for availing of the benefit of the aforesaid notification. The said notification provide .....

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..... . 12 returns filed by the petitioner for the period from July, 1973 to November, 1975, raised demands for the payment of Central Excise duty on the value representing the components of freight and insurance charges shown separately in the invoices on the ground that the same had not been taken into account by the petitioner in discharging their burden of payment of duty in terms of Notification 12 .....

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..... value of the goods, it is the value exclusive of freight and insurance as shown in the invoices which ought to form the assessable value of the goods. 6. Government observe that the ratio of this order is applicable to the present case. Government further consider that the rejection of petitioner's appeal by the Appellate Collector on the mere technical ground that demand had not been honoured .....

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