Grasim Industries Ltd. Vs. C.C.E.

Grasim Industries Ltd. vs C.C.E.

Type Court Judgment Court Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi Decided Mar 31, 2005

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Citation: sooperkanoon.com/38626
Court: Customs Excise and Service Tax Appellate Tribunal CESTAT Delhi
Judge: S Kang, Vice-, N T C.N.B.
Decided On: Mar 31, 2005
Subject: Land Acquisition

Case Summary

AI-generated summary - not the official court judgment text.

Land Acquisition

Key legal issue: Land Acquisition

Parties & Advocates

Appellant / Petitioner

Grasim Industries Ltd.

Respondent

C.C.E.

Excerpt

2. the issue involved in this appeal is regarding the collection of amount as insurance charges. the revenue wants to include in the assessable value of the goods.3. we find that this issue is now covered by hon'ble supreme court decision in the case of baroda electric meters ltd. v. collector of central excise, reported in 1997 94 elt 13 (sc) and in the case of indian oxygen ltd. v. collector of central excise, reported in 1988 (36) elt 723 (sc). in view of the above decision the demand on account of excess insurance charges collected by the appellants is not sustainable. hence, set aside. the appeal is allowed.

Full Judgment

2. The issue involved in this appeal is regarding the collection of amount as Insurance charges. The Revenue wants to include in the assessable value of the goods.

3. We find that this issue is now covered by Hon'ble Supreme Court decision in the case of Baroda Electric Meters Ltd. v. Collector of Central Excise, reported in 1997 94 ELT 13 (SC) and in the case of Indian Oxygen Ltd. v. Collector of Central Excise, reported in 1988 (36) ELT 723 (SC). In view of the above decision the demand on account of excess Insurance charges collected by the appellants is not sustainable. Hence, set aside. The appeal is allowed.

Same Court & Year Customs Excise and Service Tax Appellate Tribunal CESTAT Delh... Same Parties Grasim Industries Ltd. vs C.C.E. Same Subject Land Acquisition Same Judge S Kang, Vice-, N T C.N.B.