The Supreme Court has held that freight and insurance charges are not to be taken into account in determining the value of goods for imposing excise duty. A Bench headed by Justice S B Sinha, while dismissing the Commissioner of Central Excise s appeal, asked the (Excise) Department to pay Rs 25,000 to a manufacturer of electronic meters, Accurate Meters Ltd, towards the counsel s fee. ... [W]e have no doubt ... that the tribunal (Customs, Excise and Service Tax Appellate Tribunal) (was) correct in the view that the amount claimed by way of transportation charges and insurance cannot be considered for ...

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