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.