Topic

assessable value

2 articlesLatest June 2026
Finance Act 2015 Retrospective Exemption | Value of Free-Supplied Rails Excluded from Assessable Value of Glued Joints : CESTAT Hyderabad
Case Law Analysis
|Custom, Excise & Service Tax Tribunal

Finance Act 2015 Retrospective Exemption | Value of Free-Supplied Rails Excluded from Assessable Value of Glued Joints : CESTAT Hyderabad

CESTAT Hyderabad ruled that the value of rails supplied free of cost by Indian Railways cannot be included in the assessable value of glued joints, following the retrospective amendment under Finance Act 2015. This sets a critical precedent for manufacturers supplying goods to public infrastructure entities under contract, clarifying that free inputs provided by the buyer are not taxable components of assessable value.

FOR Contracts | Freight & Insurance Charges Must Be Included in Assessable Value for Central Excise Duty : CESTAT Hyderabad Overturns Prior Rulings
Case Law Analysis
|Custom, Excise & Service Tax Tribunal

FOR Contracts | Freight & Insurance Charges Must Be Included in Assessable Value for Central Excise Duty : CESTAT Hyderabad Overturns Prior Rulings

CESTAT Hyderabad rules that under Free-On-Rail (FOR) contracts, freight and insurance charges form part of the assessable value for Central Excise Duty when the sale concludes at the buyer’s premises. This decision sets a precedent for excise valuation, impacting manufacturers and suppliers under similar contractual terms.

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