Freight/Insurance not Includable in Assessable Value: CESTAT quashes Order based on Extended Period of Limitation [Read Order]
The counsel on behalf of the appellant contended that since the sale occurs at the factory gate, which is the place of removal, freight charges for transporting goods beyond that point should not be included in the assessable value
The Ahmedabad bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) quashed the impugned order based on the extended period of limitation, as the bench was of the opinion that freight and insurance costs are not includable in the assessable value. The main issue in this case is whether freight charges listed separately…
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